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 ↗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.
10 permits on record since 2018 · $126K total declared value · Most recent: Oct 2025 (misc)
PELLA NORTHLAND
AVALON CONSTRUCTION
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
AVALON 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 1070
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2531 GRAND AVE S MINNEAPOLIS MN 55405 | REBEKAH RAE RAYMOND | CONDOMINIUM | $187,000 | 0 ft |
| 2531 GRAND AVE S MINNEAPOLIS MN 55405 | JESUS EDUARDO FLORES | CONDOMINIUM | $254,000 | 0 ft |
| 2535 GRAND AVE S MINNEAPOLIS MN 55405 | STEPHANIE LEE | RESIDENTIAL-TWO UNIT | $429,400 | 33 ft |
| 2529 GRAND AVE S MINNEAPOLIS MN 55405 | BRUCE BRUNNER | RESIDENTIAL-TWO UNIT | $449,200 | 33 ft |
| 2537 GRAND AVE S MINNEAPOLIS MN 55405 | SCOTT W ROKIS | RESIDENTIAL-TWO UNIT | $449,500 | 73 ft |
| 2525 GRAND AVE S MINNEAPOLIS MN 55405 | IRVING PROPERTIES INC | APARTMENT | $1,232,000 | 93 ft |
| 2541 GRAND AVE S MINNEAPOLIS MN 55405 | GUNHA DANIEL KIM | RESIDENTIAL-TWO UNIT | $450,000 | 121 ft |
| 2530 PLEASANT AVE MINNEAPOLIS MN 55404 | TRACY LYNN BROWN ZULLO | RESIDENTIAL-TWO UNIT | $464,800 | 131 ft |
| 2526 PLEASANT AVE MINNEAPOLIS MN 55404 | PAG PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $443,600 | 132 ft |
| 2538 PLEASANT AVE MINNEAPOLIS MN 55404 | C D LASSIG & L K LEGGE | RESIDENTIAL | $428,100 | 148 ft |