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 2025 · $34K total declared value · Most recent: Oct 2025 (roofwind)
Balanced Build LLC
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
Residential Mixed-Use 1 — low-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3-story wood frame (5–12 units) benchmarks for 7,769 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2008 PILLSBURY AVE MINNEAPOLIS MN 55404 | J A SHONKWILER & L M SCHMIDT | RESIDENTIAL | $591,000 | 77 ft |
| 215 FRANKLIN AVE W MINNEAPOLIS MN 55404 | BROBERG PROPERTIES I LLC | RESIDENTIAL | $224,800 | 128 ft |
| 2020 PILLSBURY AVE MINNEAPOLIS MN 55404 | ANDERSON FAMILY LTD PTNSHP | APARTMENT | $2,187,000 | 165 ft |
| 217 FRANKLIN AVE W MINNEAPOLIS MN 55404 | BROBERG PROPERTIES IV LLC | APARTMENT | $720,000 | 182 ft |
| 212 FRANKLIN AVE W MINNEAPOLIS MN 55404 | TWENTY-FIRST CENT TRIBAL SVC | RESIDENTIAL | $0 | 197 ft |
| 224 FRANKLIN AVE W MINNEAPOLIS MN 55404 | TWENTY-FIRST CENT TRIBAL SVC | COMMERCIAL-PREFERRED | $0 | 200 ft |
| 2011 PLEASANT AVE MINNEAPOLIS MN 55404 | BROBERG PROPERTIES IV LLC | APARTMENT | $687,000 | 206 ft |
| 2015 PLEASANT AVE MINNEAPOLIS MN 55404 | LBD REAL ESTATE HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $476,700 | 233 ft |
| 204 FRANKLIN AVE W MINNEAPOLIS MN 55404 | DRS REAL ESTATE LLC | COMMERCIAL-PREFERRED | $727,800 | 239 ft |
| 221 FRANKLIN AVE W MINNEAPOLIS MN 55404 | BROBERG PROPERTIES IV LLC | APARTMENT | $590,000 | 240 ft |
Most Recent Sale
Current Tax Year