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.
9 permits on record since 2017 · $72K total declared value · Most recent: Jun 2024 (misc)
ALLSTAR CONSTRUCTION COMMERCIAL LLC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
HANSON REMODELING
Metro Heating & Cooling LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 2,060 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2531 GRAND AVE S MINNEAPOLIS MN 55405 | REBEKAH RAE RAYMOND | CONDOMINIUM | $187,000 | 33 ft |
| 2531 GRAND AVE S MINNEAPOLIS MN 55405 | JESUS EDUARDO FLORES | CONDOMINIUM | $254,000 | 33 ft |
| MN | Unknown | — | — | 33 ft |
| 2537 GRAND AVE S MINNEAPOLIS MN 55405 | SCOTT W ROKIS | RESIDENTIAL-TWO UNIT | $449,500 | 40 ft |
| 2529 GRAND AVE S MINNEAPOLIS MN 55405 | BRUCE BRUNNER | RESIDENTIAL-TWO UNIT | $449,200 | 66 ft |
| 2541 GRAND AVE S MINNEAPOLIS MN 55405 | GUNHA DANIEL KIM | RESIDENTIAL-TWO UNIT | $450,000 | 88 ft |
| 2525 GRAND AVE S MINNEAPOLIS MN 55405 | IRVING PROPERTIES INC | APARTMENT | $1,232,000 | 126 ft |
| 2530 PLEASANT AVE MINNEAPOLIS MN 55404 | TRACY LYNN BROWN ZULLO | RESIDENTIAL-TWO UNIT | $464,800 | 130 ft |
| 2538 PLEASANT AVE MINNEAPOLIS MN 55404 | C D LASSIG & L K LEGGE | RESIDENTIAL | $428,100 | 135 ft |
| 2545 GRAND AVE S MINNEAPOLIS MN 55405 | POSITIVE DEVELOPMENTS LLC | RESIDENTIAL-TWO UNIT | $402,000 | 136 ft |
Most Recent Sale
Current Tax Year