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.
6 permits on record since 2018 · $30K total declared value · Most recent: Jan 2025 (existres)
Vector Services LLC
Innovative Basement Authority
Master Plumbing Services LLC
KEYPRIME ROOFING AND REMODELING
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 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 2,356 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2504 GARFIELD AVE MINNEAPOLIS MN 55405 | MICHAEL CHRISTOPHER HIRATA | RESIDENTIAL | $581,500 | 40 ft |
| 2510 GARFIELD AVE MINNEAPOLIS MN 55405 | MICHAEL EDWARD LEINEN | RESIDENTIAL | $554,000 | 40 ft |
| 2500 GARFIELD AVE MINNEAPOLIS MN 55405 | D COLA/A AUZINS ET AL | RESIDENTIAL | $227,000 | 75 ft |
| 2514 GARFIELD AVE MINNEAPOLIS MN 55405 | MARY GILL CAMPBELL | RESIDENTIAL | $393,700 | 80 ft |
| 2518 GARFIELD AVE MINNEAPOLIS MN 55405 | LEVI T SCHWARTZBERG | RESIDENTIAL | $388,600 | 120 ft |
| 2507 LYNDALE AVE S MINNEAPOLIS MN 55405 | VIOLETTA M MCCORMICK TRUST | APARTMENT | $504,000 | 130 ft |
| 2511 LYNDALE AVE S MINNEAPOLIS MN 55405 | 2511 LYNDALE AVE LLC | APARTMENT | $640,000 | 136 ft |
| 2501 LYNDALE AVE S MINNEAPOLIS MN 55405 | A & M MARKET LLC | COMMERCIAL-PREFERRED | $516,000 | 141 ft |
| 2515 LYNDALE AVE S MINNEAPOLIS MN 55405 | INNOVATIVE ASSET DEVELOPMENT | TRIPLEX | $366,400 | 153 ft |
| 2520 GARFIELD AVE MINNEAPOLIS MN 55405 | RONALD J SPENST | RESIDENTIAL | $351,500 | 160 ft |
Most Recent Sale
Current Tax Year