Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
5 permits on record since 2023 · $11K total declared value · Most recent: May 2024 (existres)
TEAM MECHANICAL INC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Rayovation LLC
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
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 4,320 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2525 PLEASANT AVE MINNEAPOLIS MN 55404 | PATRICK WRIGHT | RESIDENTIAL | $336,700 | 45 ft |
| 2517 PLEASANT AVE MINNEAPOLIS MN 55404 | CLAYTON E SCHIRMER REV TRUST | RESIDENTIAL-TWO UNIT | $495,200 | 45 ft |
| 2529 PLEASANT AVE MINNEAPOLIS MN 55404 | ADAM ALEXANDER | TRIPLEX | $445,600 | 89 ft |
| 2515 PLEASANT AVE MINNEAPOLIS MN 55404 | 2515 PLEASANT LLC | RESIDENTIAL-TWO UNIT | $447,500 | 89 ft |
| 2531 PLEASANT AVE MINNEAPOLIS MN 55404 | LORING NIC-BETH COMM CTR INC | LAND-COMMERCIAL | $0 | 134 ft |
| 2509 PLEASANT AVE MINNEAPOLIS MN 55404 | D PETERSEN & B SEVERSON | RESIDENTIAL-TWO UNIT | $461,400 | 134 ft |
| 2505 PLEASANT AVE MINNEAPOLIS MN 55404 | M J ARSENAULT & C A MARKUSEN | RESIDENTIAL | $452,300 | 179 ft |
| 2520 PILLSBURY AVE MINNEAPOLIS MN 55404 | FINE PROPERTIES OF MN LLP | APARTMENT | $2,491,000 | 187 ft |
| 2524 PILLSBURY AVE MINNEAPOLIS MN 55404 | J BENOLKEN II/C T FOX ET AL | RESIDENTIAL | $679,000 | 190 ft |
| 2528 PILLSBURY AVE MINNEAPOLIS MN 55404 | ANNE AINOMAE | RESIDENTIAL | $552,000 | 205 ft |
Most Recent Sale
Current Tax Year