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 ↗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 ↗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.
3 permits on record since 2020 · $75K total declared value · Most recent: May 2026 (commercial minor)
BURNOMATIC
CenterPoint Energy Resource Corp
T AND K CONSTRUCTION SERVICES
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 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 4,361 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2627 PLEASANT AVE MINNEAPOLIS MN 55408 | JOANNE HOWARD | RESIDENTIAL-TWO UNIT | $470,600 | 45 ft |
| 2619 PLEASANT AVE MINNEAPOLIS MN 55408 | RAMA CHAVALI | RESIDENTIAL-TWO UNIT | $415,000 | 45 ft |
| 2633 PLEASANT AVE MINNEAPOLIS MN 55408 | AREH 2633 PLEASANT LLC | APARTMENT | $2,011,000 | 112 ft |
| 2611 PLEASANT AVE MINNEAPOLIS MN 55408 | VILLA NOVA PRESERVATN JV LLC | APARTMENT | $4,047,000 | 151 ft |
| 2620 PILLSBURY AVE MINNEAPOLIS MN 55408 | CITY FLATS LTD PARTNERSHIP | LOW INCOME RENTAL | $2,484,000 | 188 ft |
| 2616 PILLSBURY AVE MINNEAPOLIS MN 55408 | DANICA MCDONALD & CONNOR BYE | RESIDENTIAL | $485,400 | 192 ft |
| 2637 PLEASANT AVE MINNEAPOLIS MN 55408 | 2637 PLEASANT PROPERTY LLC | APARTMENT | $1,806,000 | 200 ft |
| 2612 PILLSBURY AVE MINNEAPOLIS MN 55408 | 2612 LLC | APARTMENT | $743,000 | 206 ft |
| 2601 PLEASANT AVE MINNEAPOLIS MN 55408 | JERALD L THOMPSON | RESIDENTIAL | $550,000 | 211 ft |
| 2622 PLEASANT AVE MINNEAPOLIS MN 55408 | C B M ROGERS & E A ANDERSON | RESIDENTIAL | $519,700 | 224 ft |
Most Recent Sale
Current Tax Year