Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2019 · $60K total declared value · Most recent: Apr 2019 (roofwind)
QUALITY TRUSTED COMMERCIAL CONSTRUCTION AND ROOFIN
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Whittier · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 68
Zip code 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Urban Neighborhood 2 — moderate-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 22,597 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2115 PILLSBURY AVE MINNEAPOLIS MN 55404 | M & E INVESTMENTS LLC | RESIDENTIAL | $1,100,000 | 131 ft |
| 2011 PILLSBURY AVE MINNEAPOLIS MN 55404 | PILLSBURY COMMONS LLC | LOW INCOME RENTAL | $998,000 | 136 ft |
| 2100 BLAISDELL AVE MINNEAPOLIS MN 55404 | SUNRISE BANK N A | COMMERCIAL-PREFERRED | $1,447,000 | 191 ft |
| 2020 BLAISDELL AVE MINNEAPOLIS MN 55404 | PARK NICOLLET MEDICAL CTR | LAND-COMMERCIAL | $619,800 | 215 ft |
| 2119 PILLSBURY AVE MINNEAPOLIS MN 55404 | BLAISDELL PORTFOLIO LLC | APARTMENT | $4,320,000 | 227 ft |
| 121 FRANKLIN AVE W MINNEAPOLIS MN 55404 | AMERICAN INDIAN ELDR HSG LLC | RESIDENTIAL-TWO UNIT | $0 | 231 ft |
| 2100 PILLSBURY AVE MINNEAPOLIS MN 55404 | 2100 PILLSBURY AVE LLC | COMMERCIAL-PREFERRED | $560,000 | 244 ft |
| 2020 PILLSBURY AVE MINNEAPOLIS MN 55404 | ANDERSON FAMILY LTD PTNSHP | APARTMENT | $2,187,000 | 258 ft |
| 2112 PILLSBURY AVE MINNEAPOLIS MN 55404 | 2112 PILLSBURY AVE S LLC | APARTMENT | $1,160,000 | 267 ft |
| 2118 BLAISDELL AVE MINNEAPOLIS MN 55404 | NUWAY HOUSE INC | COMMERCIAL-PREFERRED | $0 | 270 ft |
Most Recent Sale
Current Tax Year