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.
3 permits on record since 2017 · Most recent: Sep 2023 (res)
CenterPoint Energy Resource Corp
Richfield Plumbing Co
Richfield Plumbing Co
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 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
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 small multifamily (2–4 units, wood frame) benchmarks for 2,800 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2004 GRAND AVE S MINNEAPOLIS MN 55405 | GRAND HOUSE LLC | RESIDENTIAL | $452,100 | 43 ft |
| 2008 GRAND AVE S MINNEAPOLIS MN 55405 | MARK BRENDALE ET AL | RESIDENTIAL | $343,000 | 83 ft |
| 411 FRANKLIN AVE W MINNEAPOLIS MN 55405 | Z FAMILY PROPERTIES L L C | RESIDENTIAL-TWO UNIT | $260,700 | 95 ft |
| 2012 GRAND AVE S MINNEAPOLIS MN 55405 | ANDREW OTTO/RACHEL KARGLEDER | TRIPLEX | $446,600 | 123 ft |
| 415 FRANKLIN AVE W MINNEAPOLIS MN 55405 | TYLER JORDAN WADE | RESIDENTIAL-TWO UNIT | $317,600 | 136 ft |
| 2009 HARRIET AVE MINNEAPOLIS MN 55405 | TULU'S PLACE LLC | APARTMENT | $911,000 | 158 ft |
| 424 FRANKLIN AVE W MINNEAPOLIS MN 55405 | LEWIS CALEB BROWN | TRIPLEX | $448,600 | 169 ft |
| 402 FRANKLIN AVE W MINNEAPOLIS MN 55405 | 2457 LYNDALE LLC | TRIPLEX | $523,700 | 169 ft |
| 2016 GRAND AVE S MINNEAPOLIS MN 55405 | AREH 2016 GRAND LLC | APARTMENT | $962,000 | 173 ft |
| 419 FRANKLIN AVE W MINNEAPOLIS MN 55405 | LHF CAPITAL LLC | RESIDENTIAL-TWO UNIT | $312,200 | 181 ft |
Most Recent Sale
Current Tax Year