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 ↗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 ↗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.
2 permits on record since 2023 · $44K total declared value · Most recent: Jul 2024 (roofwind)
Balanced Build LLC
CenterPoint Energy Resource Corp
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 16,295 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2411 PLEASANT AVE MINNEAPOLIS MN 55404 | JOHN P MOORE TRUSTEE | RESIDENTIAL | $481,200 | 93 ft |
| 2427 PLEASANT AVE MINNEAPOLIS MN 55404 | PETER STROM & NAOMI UYAMA | RESIDENTIAL | $469,800 | 93 ft |
| 2431 PLEASANT AVE MINNEAPOLIS MN 55404 | M D KIMMEL & H M KIMMEL | RESIDENTIAL | $662,000 | 149 ft |
| 2407 PLEASANT AVE MINNEAPOLIS MN 55404 | THOMAS J SCHNEIDER & WF | RESIDENTIAL-TWO UNIT | $505,500 | 164 ft |
| 2418 PILLSBURY AVE MINNEAPOLIS MN 55404 | TROY G LINCK & JOEL R LINCK | RESIDENTIAL | $495,400 | 184 ft |
| 225 24TH ST W MINNEAPOLIS MN 55404 | IVAN E NUNEZ/CLAY J SCHOTZKO | RESIDENTIAL | $354,800 | 187 ft |
| 2422 PILLSBURY AVE MINNEAPOLIS MN 55404 | J B KREIBICH & E W KREIBICH | RESIDENTIAL | $521,600 | 190 ft |
| 2414 PILLSBURY AVE MINNEAPOLIS MN 55404 | C REED & K R REED | RESIDENTIAL | $569,000 | 191 ft |
| 219 24TH ST W MINNEAPOLIS MN 55404 | A F KILLIAN & B NELSON | RESIDENTIAL-TWO UNIT | $396,600 | 194 ft |
| 2439 PLEASANT AVE MINNEAPOLIS MN 55404 | M HAGGERTY & S HAGGERTY | RESIDENTIAL | $746,000 | 205 ft |
Current Tax Year