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.
5 permits on record since 2008 · $35K total declared value · Most recent: Jan 2025 (remodel)
Northland Electric LLC
Kingfisher Construction
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 3,506 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2435 HARRIET AVE MINNEAPOLIS MN 55405 | G S ENGLISH/S E ULRICH | RESIDENTIAL-TWO UNIT | $437,700 | 43 ft |
| 2441 HARRIET AVE MINNEAPOLIS MN 55405 | NICOLE GEORGETTE ROS MARLING | RESIDENTIAL | $418,300 | 47 ft |
| 2429 HARRIET AVE MINNEAPOLIS MN 55405 | KARL K LEDERGERBER | RESIDENTIAL | $546,000 | 83 ft |
| 2443 HARRIET AVE MINNEAPOLIS MN 55405 | 2443 HARRIET AVENUE LLC | RESIDENTIAL-TWO UNIT | $454,600 | 94 ft |
| 2425 HARRIET AVE MINNEAPOLIS MN 55405 | TUPPER PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $423,900 | 132 ft |
| 2438 GRAND AVE S MINNEAPOLIS MN 55405 | NAGAOKA-LEE PARTNERSHIP | APARTMENT | $2,064,000 | 136 ft |
| 2432 GRAND AVE S MINNEAPOLIS MN 55405 | MATTHEW PAULSON | RESIDENTIAL-TWO UNIT | $377,700 | 141 ft |
| 2449 HARRIET AVE MINNEAPOLIS MN 55405 | JASON DAVID DREIS ET AL | APARTMENT | $681,000 | 143 ft |
| 2442 GRAND AVE S MINNEAPOLIS MN 55405 | MPLS UPTOWN RENTALS 2442 LLC | APARTMENT | $546,000 | 164 ft |
| 2424 GRAND AVE S MINNEAPOLIS MN 55405 | MPLS UPTOWN RENTALS 2424 LLC | APARTMENT | $664,000 | 169 ft |
Current Tax Year