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.
No permits found in Minneapolis open data for this parcel.
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 9,972 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2731 PILLSBURY AVE MINNEAPOLIS MN 55408 | PILLSBURY DUO LLC | APARTMENT | $2,099,000 | 90 ft |
| 118 28TH ST W MINNEAPOLIS MN 55408 | DOUGLAS YUE-HONG LEUNG | RESIDENTIAL | $259,600 | 93 ft |
| 122 28TH ST W MINNEAPOLIS MN 55408 | POSITIVE DEVELOPMENTS LLC | RESIDENTIAL-TWO UNIT | $331,500 | 94 ft |
| 116 28TH ST W MINNEAPOLIS MN 55408 | M&L ROEHL PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $315,700 | 111 ft |
| 130 28TH ST W MINNEAPOLIS MN 55408 | BOSSCO LLC | TRIPLEX | $403,000 | 112 ft |
| 2727 PILLSBURY AVE MINNEAPOLIS MN 55408 | HERMACH INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $470,100 | 157 ft |
| 2740 BLAISDELL AVE MINNEAPOLIS MN 55408 | 2740 BLAISDELL LLC | LOW INCOME RENTAL | $754,000 | 186 ft |
| 2736 BLAISDELL AVE MINNEAPOLIS MN 55408 | EAT STREET PORTFOLIO LLC | APARTMENT | $2,060,000 | 190 ft |
| 2723 PILLSBURY AVE MINNEAPOLIS MN 55408 | KHALID ANSARI | TRIPLEX | $425,300 | 202 ft |
| 2746 BLAISDELL AVE MINNEAPOLIS MN 55408 | LOEHRER ACQUISITIONS LLC | COMMERCIAL-PREFERRED | $1,007,200 | 208 ft |
Most Recent Sale
Current Tax Year