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.
2 permits on record since 2017 · $36K total declared value · Most recent: Jul 2025 (roofwind)
Balanced Build LLC
CENTERPOINT ENERGY
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 4,199 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2107 PLEASANT AVE MINNEAPOLIS MN 55404 | THOMAS R GIEFER | APARTMENT | $663,000 | 45 ft |
| 2119 PLEASANT AVE MINNEAPOLIS MN 55404 | K L BROBERG & T BROBERG | RESIDENTIAL-TWO UNIT | $498,800 | 53 ft |
| 2103 PLEASANT AVE MINNEAPOLIS MN 55404 | 301 712 2103 & 3151 LLC | APARTMENT | $575,000 | 91 ft |
| 2123 PLEASANT AVE MINNEAPOLIS MN 55404 | BROBERG PROPERTIES II LLC | TRIPLEX | $653,700 | 94 ft |
| 212 22ND ST W MINNEAPOLIS MN 55404 | BROBERG PROPERTIES V LLC | APARTMENT | $602,000 | 109 ft |
| 2021 PLEASANT AVE MINNEAPOLIS MN 55404 | TIMOTHY BOYS & MATTHEW BOYS | TRIPLEX | $615,100 | 136 ft |
| 2127 PLEASANT AVE MINNEAPOLIS MN 55404 | BROBERG PROPERTIES II LLC | APARTMENT | $532,000 | 142 ft |
| 2017 PLEASANT AVE MINNEAPOLIS MN 55404 | E G LINK & M M SWOPE | RESIDENTIAL-TWO UNIT | $577,800 | 180 ft |
| 2112 PILLSBURY AVE MINNEAPOLIS MN 55404 | 2112 PILLSBURY AVE S LLC | APARTMENT | $1,160,000 | 185 ft |
| 2118 PILLSBURY AVE MINNEAPOLIS MN 55404 | SAS PROPERTIES LLC | APARTMENT | $1,601,000 | 210 ft |
Most Recent Sale
Current Tax Year