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 ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2020 · $10K total declared value · Most recent: Apr 2026 (commfdrr)
Binder Heating and Air Conditioning Inc
CenterPoint Energy Resource Corp
CEDAR CREEK ENERGY 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 2,540 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2700 GARFIELD AVE MINNEAPOLIS MN 55408 | PEMBERTON PROPERTIES | APARTMENT | $839,000 | 43 ft |
| 2708 GARFIELD AVE MINNEAPOLIS MN 55408 | 2708 GARFIELD LLC | RESIDENTIAL-TWO UNIT | $544,300 | 53 ft |
| 2718 GARFIELD AVE MINNEAPOLIS MN 55408 | A J KALSCHEUR/J J KALSCHEUR | RESIDENTIAL-TWO UNIT | $356,500 | 116 ft |
| 2705 LYNDALE AVE S MINNEAPOLIS MN 55408 | FBI PROPERTIES LLC | COMMERCIAL-PREFERRED | $752,000 | 130 ft |
| 2709 LYNDALE AVE S MINNEAPOLIS MN 55408 | LE PROPERTIES LLC | RESIDENTIAL | $162,000 | 134 ft |
| 2701 LYNDALE AVE S MINNEAPOLIS MN 55408 | HOSMER A BROWN IV | TRIPLEX | $629,300 | 136 ft |
| 521 27TH ST W MINNEAPOLIS MN 55408 | ANDREW JOSEPH KAY | RESIDENTIAL | $407,900 | 141 ft |
| 2711 LYNDALE AVE S MINNEAPOLIS MN 55408 | LE PROPERTIES LLC | RESIDENTIAL | $145,600 | 141 ft |
| 2648 GARFIELD AVE MINNEAPOLIS MN 55408 | R LEVY & A FAULKNER | RESIDENTIAL | $506,100 | 146 ft |
| 2720 GARFIELD AVE MINNEAPOLIS MN 55408 | TIM CONDON & EMILY MOOTHART | RESIDENTIAL | $330,300 | 169 ft |
Most Recent Sale
Current Tax Year