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.
2 permits on record since 2017 · $90K total declared value · Most recent: May 2024 (commfdrr)
Jayhawk Mechanical Inc
PROSOURCE BLDG SUPPLY
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 10,893 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2420 BLAISDELL AVE MINNEAPOLIS MN 55404 | JOHN AUDET & SARAH AUDET | RESIDENTIAL-TWO UNIT | $473,900 | 79 ft |
| 2400 BLAISDELL AVE MINNEAPOLIS MN 55404 | BLAIS 24 MANAGEMENT LLC | COMMERCIAL-PREFERRED | $879,000 | 116 ft |
| 2426 BLAISDELL AVE MINNEAPOLIS MN 55404 | ALAN L RUBEL REV TRUST | APARTMENT | $3,381,000 | 154 ft |
| 2417 PILLSBURY AVE MINNEAPOLIS MN 55404 | M L MADRID & J C MADRID | RESIDENTIAL | $728,000 | 185 ft |
| 2409 PILLSBURY AVE MINNEAPOLIS MN 55404 | BRENDAN M KRAMP | APARTMENT | $1,013,000 | 193 ft |
| 2421 PILLSBURY AVE MINNEAPOLIS MN 55404 | 24TH PILLSBURY ASCTS LLC | APARTMENT | $2,643,000 | 202 ft |
| 2434 BLAISDELL AVE MINNEAPOLIS MN 55404 | DERARTU USHA | APARTMENT | $873,000 | 223 ft |
| 2401 PILLSBURY AVE MINNEAPOLIS MN 55404 | JEAN CLAUDE R DRUI REV TRUST | APARTMENT | $1,006,500 | 234 ft |
| 2417 BLAISDELL AVE MINNEAPOLIS MN 55404 | 2417/2423/2439 BLAISDELL LLC | APARTMENT | $697,000 | 245 ft |
| 2411 BLAISDELL AVE MINNEAPOLIS MN 55404 | VISHAL DEVARABHAVI | RESIDENTIAL | $441,900 | 246 ft |
Most Recent Sale
Current Tax Year