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.
3 permits on record since 2017 · $4K total declared value · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
Air Conditioning Associates Inc
GREEN HOUSE CONSTRUCTION
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
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 small multifamily (2–4 units, wood frame) benchmarks for 3,495 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2448 GARFIELD AVE MINNEAPOLIS MN 55405 | SYBIL GRAFFUNDER | RESIDENTIAL | $300,800 | 54 ft |
| 2444 GARFIELD AVE MINNEAPOLIS MN 55405 | B SEVERSON & D PETERSEN | RESIDENTIAL-TWO UNIT | $423,500 | 99 ft |
| 2500 GARFIELD AVE MINNEAPOLIS MN 55405 | D COLA/A AUZINS ET AL | RESIDENTIAL | $227,000 | 110 ft |
| 2457 LYNDALE AVE S MINNEAPOLIS MN 55405 | 2457 LYNDALE LLC | RESIDENTIAL-TWO UNIT | $529,200 | 131 ft |
| 2453 LYNDALE AVE S MINNEAPOLIS MN 55405 | SARAH LIV ELFERING | RESIDENTIAL | $357,300 | 132 ft |
| 2440 GARFIELD AVE MINNEAPOLIS MN 55405 | DAVID LEE SCHNACK | TRIPLEX | $695,300 | 139 ft |
| 2449 LYNDALE AVE S MINNEAPOLIS MN 55405 | D & D R/E HOLDINGS LLC | APARTMENT | $1,055,000 | 143 ft |
| 2504 GARFIELD AVE MINNEAPOLIS MN 55405 | MICHAEL CHRISTOPHER HIRATA | RESIDENTIAL | $581,500 | 145 ft |
| 2445 LYNDALE AVE S MINNEAPOLIS MN 55405 | MICHAEL MARTIN/GWEN MARTIN | RESIDENTIAL | $329,000 | 165 ft |
| 2436 GARFIELD AVE MINNEAPOLIS MN 55405 | B A EHRMAN-SOLBERG/J A MARKS | TRIPLEX | $492,300 | 179 ft |
Most Recent Sale
Current Tax Year