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 ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2022 · $26K total declared value · Most recent: Apr 2025 (misc)
Weathersafe Restoration Inc
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 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 2,856 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2707 GARFIELD AVE MINNEAPOLIS MN 55408 | A KAY & A M NICHOLAS | TRIPLEX | $442,500 | 42 ft |
| 2717 GARFIELD AVE MINNEAPOLIS MN 55408 | DAPHNA S STROMBERG | RESIDENTIAL | $334,200 | 43 ft |
| 2721 GARFIELD AVE MINNEAPOLIS MN 55408 | DAVID SASSE | RESIDENTIAL-TWO UNIT | $355,600 | 84 ft |
| 519 27TH ST W MINNEAPOLIS MN 55408 | LARRY D SANDERSON | RESIDENTIAL | $301,400 | 106 ft |
| 521 27TH ST W MINNEAPOLIS MN 55408 | ANDREW JOSEPH KAY | RESIDENTIAL | $407,900 | 114 ft |
| 515 27TH ST W MINNEAPOLIS MN 55408 | THOMAS RUFFENACH | RESIDENTIAL | $245,600 | 115 ft |
| 2725 GARFIELD AVE MINNEAPOLIS MN 55408 | MANDI BEDBURY | RESIDENTIAL | $353,500 | 126 ft |
| 2712 HARRIET AVE MINNEAPOLIS MN 55408 | 394 PROPERTIES LLC | APARTMENT | $480,000 | 140 ft |
| 2716 HARRIET AVE MINNEAPOLIS MN 55408 | BARBARA D MEYERS | RESIDENTIAL-TWO UNIT | $372,600 | 146 ft |
| 2710 HARRIET AVE MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 147 ft |
Most Recent Sale
Current Tax Year