In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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.
12 permits on record since 2017 · $62K total declared value · Most recent: Mar 2026 (existres)
Ingauge Engineering and Technology Inc
Master Plumbing Services LLC
Siteworx LLC
TEAM MECHANICAL INC
Summit Construction Group
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 1070
Zip code 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
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 3,433 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2541 GRAND AVE S MINNEAPOLIS MN 55405 | GUNHA DANIEL KIM | RESIDENTIAL-TWO UNIT | $450,000 | 48 ft |
| 2551 GRAND AVE S MINNEAPOLIS MN 55405 | ANDREW J MCDERMOTT III | TRIPLEX | $525,800 | 48 ft |
| 2537 GRAND AVE S MINNEAPOLIS MN 55405 | SCOTT W ROKIS | RESIDENTIAL-TWO UNIT | $449,500 | 96 ft |
| 2544 PLEASANT AVE MINNEAPOLIS MN 55404 | WILLOW & BROOK INVSTMNTS LLC | RESIDENTIAL | $383,000 | 129 ft |
| 2535 GRAND AVE S MINNEAPOLIS MN 55405 | STEPHANIE LEE | RESIDENTIAL-TWO UNIT | $429,400 | 136 ft |
| 2548 PLEASANT AVE MINNEAPOLIS MN 55404 | PLEASANT AVENUE LLC | APARTMENT | $467,000 | 137 ft |
| 2540 PLEASANT AVE MINNEAPOLIS MN 55404 | MICHAEL L HANDLEY | RESIDENTIAL | $440,000 | 138 ft |
| 2538 PLEASANT AVE MINNEAPOLIS MN 55404 | C D LASSIG & L K LEGGE | RESIDENTIAL | $428,100 | 161 ft |
| 2546 GRAND AVE S MINNEAPOLIS MN 55405 | 26TH AND GRAND LLC | RESIDENTIAL | $472,000 | 165 ft |
| 2531 GRAND AVE S MINNEAPOLIS MN 55405 | REBEKAH RAE RAYMOND | CONDOMINIUM | $187,000 | 169 ft |
Most Recent Sale
Current Tax Year