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.
10 permits on record since 2019 · $111K total declared value · Most recent: May 2026 (remodel)
Kennedy Property Development LLC
WESTERN CONSTRUCTION INC
Twin City Fireplace & Stone Company
Andrew Iverson
LEGACY RESTORATION 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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
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 4,389 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2434 PLEASANT AVE MINNEAPOLIS MN 55404 | S YAMAGUCHI & M YAMAGUCHI | RESIDENTIAL-TWO UNIT | $454,700 | 53 ft |
| 2424 PLEASANT AVE MINNEAPOLIS MN 55404 | A GILBERT-SCHRAG/A D SELMES | RESIDENTIAL | $459,700 | 59 ft |
| 2438 PLEASANT AVE MINNEAPOLIS MN 55404 | SARAH CARLSON YAMAGUCHITR | RESIDENTIAL | $719,000 | 112 ft |
| 2420 PLEASANT AVE MINNEAPOLIS MN 55404 | ARLAND L ATNEOSEN | APARTMENT | $577,000 | 113 ft |
| 2431 GRAND AVE S MINNEAPOLIS MN 55405 | K M HAMMARBERG/L M BORNEMAN | RESIDENTIAL | $377,000 | 129 ft |
| 2427 GRAND AVE S MINNEAPOLIS MN 55405 | JASON A KISE & ALEXIS KISE | RESIDENTIAL | $554,000 | 139 ft |
| 2435 GRAND AVE S MINNEAPOLIS MN 55405 | K A CHRISTENSEN ET AL | RESIDENTIAL-TWO UNIT | $546,500 | 140 ft |
| 2441 GRAND AVE S MINNEAPOLIS MN 55405 | J HAINER-VIOLAND/H MESIAS JR | RESIDENTIAL | $416,000 | 164 ft |
| 2421 GRAND AVE S MINNEAPOLIS MN 55405 | JANA HELIN & THOMAS HARTMAN | RESIDENTIAL | $506,000 | 168 ft |
| 2414 PLEASANT AVE MINNEAPOLIS MN 55404 | VWM PROPERTIES LLC | APARTMENT | $694,000 | 182 ft |
Most Recent Sale
Current Tax Year