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 ↗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 ↗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.
3 permits on record since 2012 · $83K total declared value · Most recent: Oct 2023 (res)
CenterPoint Energy Resource Corp
ASPEN EXTERIORS INC
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 sfr / adu benchmarks for 698 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2505 GARFIELD AVE MINNEAPOLIS MN 55405 | BOSSCO LLC | TRIPLEX | $534,900 | 52 ft |
| 511 25TH ST W MINNEAPOLIS MN 55405 | RACHEL G EVANS | RESIDENTIAL | $305,700 | 68 ft |
| 2509 GARFIELD AVE MINNEAPOLIS MN 55405 | DHAWAL RAWAL | APARTMENT | $570,000 | 98 ft |
| 2457 GARFIELD AVE MINNEAPOLIS MN 55405 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 106 ft |
| 509 25TH ST W MINNEAPOLIS MN 55405 | N L STOER & M S GARR | RESIDENTIAL | $343,800 | 111 ft |
| 2453 GARFIELD AVE MINNEAPOLIS MN 55405 | K A FEEKES & M J FEEKES | RESIDENTIAL-TWO UNIT | $466,200 | 140 ft |
| 2513 GARFIELD AVE MINNEAPOLIS MN 55405 | A S ZANIVAN & A ZANIVAN | RESIDENTIAL | $415,300 | 146 ft |
| 2500 GARFIELD AVE MINNEAPOLIS MN 55405 | D COLA/A AUZINS ET AL | RESIDENTIAL | $227,000 | 167 ft |
| 2504 GARFIELD AVE MINNEAPOLIS MN 55405 | MICHAEL CHRISTOPHER HIRATA | RESIDENTIAL | $581,500 | 169 ft |
| 2504 HARRIET AVE MINNEAPOLIS MN 55405 | TIGER HOLDINGS LLC | RESIDENTIAL | $402,500 | 171 ft |
Most Recent Sale
Current Tax Year