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 2021 · $3K total declared value · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
Metro Heating & Cooling LLC
Metro Heating & Cooling LLC
BUILDERS AND REMODELERS 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 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 4,383 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2426 PILLSBURY AVE MINNEAPOLIS MN 55404 | MICHAEL P KATZ | RESIDENTIAL | $469,200 | 45 ft |
| 2434 PILLSBURY AVE MINNEAPOLIS MN 55404 | SUSAN E OVERBY REVOCABLE TR | TRIPLEX | $573,500 | 45 ft |
| 2422 PILLSBURY AVE MINNEAPOLIS MN 55404 | J B KREIBICH & E W KREIBICH | RESIDENTIAL | $521,600 | 90 ft |
| 2438 PILLSBURY AVE MINNEAPOLIS MN 55404 | KYLE LAMETTI | RESIDENTIAL-TWO UNIT | $489,000 | 90 ft |
| 2418 PILLSBURY AVE MINNEAPOLIS MN 55404 | TROY G LINCK & JOEL R LINCK | RESIDENTIAL | $495,400 | 135 ft |
| 2444 PILLSBURY AVE MINNEAPOLIS MN 55404 | XYZ LLC | APARTMENT | $843,000 | 158 ft |
| 2414 PILLSBURY AVE MINNEAPOLIS MN 55404 | C REED & K R REED | RESIDENTIAL | $569,000 | 185 ft |
| 2431 PLEASANT AVE MINNEAPOLIS MN 55404 | M D KIMMEL & H M KIMMEL | RESIDENTIAL | $662,000 | 185 ft |
| 2427 PLEASANT AVE MINNEAPOLIS MN 55404 | PETER STROM & NAOMI UYAMA | RESIDENTIAL | $469,800 | 190 ft |
| 2439 PLEASANT AVE MINNEAPOLIS MN 55404 | M HAGGERTY & S HAGGERTY | RESIDENTIAL | $746,000 | 196 ft |
Most Recent Sale
Current Tax Year