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.
4 permits on record since 2020 · $33K total declared value · Most recent: Nov 2023 (misc)
KAUFMAN SHEET METAL ROOFING INC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
UPTOWN PLUMBING HEATING AND COOLING
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 2,357 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2436 GARFIELD AVE MINNEAPOLIS MN 55405 | B A EHRMAN-SOLBERG/J A MARKS | TRIPLEX | $492,300 | 40 ft |
| 2444 GARFIELD AVE MINNEAPOLIS MN 55405 | B SEVERSON & D PETERSEN | RESIDENTIAL-TWO UNIT | $423,500 | 40 ft |
| 2432 GARFIELD AVE MINNEAPOLIS MN 55405 | DANE J ROSSO | RESIDENTIAL | $285,400 | 80 ft |
| 2448 GARFIELD AVE MINNEAPOLIS MN 55405 | SYBIL GRAFFUNDER | RESIDENTIAL | $300,800 | 85 ft |
| 2428 GARFIELD AVE MINNEAPOLIS MN 55405 | DNEN 2428 LLC | APARTMENT | $484,000 | 120 ft |
| 2441 LYNDALE AVE S MINNEAPOLIS MN 55405 | K DORNEY & C S BROUILLARD | COMMERCIAL-PREFERRED | $256,000 | 130 ft |
| 2445 LYNDALE AVE S MINNEAPOLIS MN 55405 | MICHAEL MARTIN/GWEN MARTIN | RESIDENTIAL | $329,000 | 136 ft |
| 2437 LYNDALE AVE S MINNEAPOLIS MN 55405 | RDA UPTOWN IV LLC | RESIDENTIAL | $188,000 | 136 ft |
| 2452 GARFIELD AVE MINNEAPOLIS MN 55405 | GLEN SANDNESS LIVING TRUST | APARTMENT | $931,000 | 139 ft |
| 2449 LYNDALE AVE S MINNEAPOLIS MN 55405 | D & D R/E HOLDINGS LLC | APARTMENT | $1,055,000 | 153 ft |
Most Recent Sale
Current Tax Year