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 ↗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.
4 permits on record since 2021 · $7K total declared value · Most recent: Feb 2026 (existres)
Binder Heating and Air Conditioning Inc
Renewal Experts Construction LLC
CenterPoint Energy Resource Corp
McQuillan Bros Plumbing Heating & AC 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 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 3,314 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2435 GRAND AVE S MINNEAPOLIS MN 55405 | K A CHRISTENSEN ET AL | RESIDENTIAL-TWO UNIT | $546,500 | 47 ft |
| 318 25TH ST W MINNEAPOLIS MN 55404 | T A BAILEY & ANDREW J CLIFF | RESIDENTIAL | $532,000 | 72 ft |
| 322 25TH ST W MINNEAPOLIS MN 55404 | L & P LINDQUIST | RESIDENTIAL | $374,500 | 84 ft |
| 312 25TH ST W MINNEAPOLIS MN 55404 | G L BRIGGLE & S W LEHR | RESIDENTIAL | $292,000 | 84 ft |
| 2431 GRAND AVE S MINNEAPOLIS MN 55405 | K M HAMMARBERG/L M BORNEMAN | RESIDENTIAL | $377,000 | 98 ft |
| 2438 PLEASANT AVE MINNEAPOLIS MN 55404 | SARAH CARLSON YAMAGUCHITR | RESIDENTIAL | $719,000 | 130 ft |
| 2434 PLEASANT AVE MINNEAPOLIS MN 55404 | S YAMAGUCHI & M YAMAGUCHI | RESIDENTIAL-TWO UNIT | $454,700 | 138 ft |
| 2427 GRAND AVE S MINNEAPOLIS MN 55405 | JASON A KISE & ALEXIS KISE | RESIDENTIAL | $554,000 | 153 ft |
| 2450 PLEASANT AVE MINNEAPOLIS MN 55404 | T B CONWAY & A M CONWAY | RESIDENTIAL | $877,100 | 154 ft |
| 2432 PLEASANT AVE MINNEAPOLIS MN 55404 | IVOR JORGENSEN & LEE WRIGHT | RESIDENTIAL-TWO UNIT | $615,500 | 164 ft |
Most Recent Sale
Current Tax Year