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 ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2018 · $74K total declared value · Most recent: Jul 2018 (addition)
JCJ CONSTRUCTION INC
MINT ROOFING
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 9,499 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2730 PLEASANT AVE MINNEAPOLIS MN 55408 | NEIRBO HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $405,900 | 77 ft |
| 2746 PLEASANT AVE MINNEAPOLIS MN 55408 | SOUTHSIDE COMMUNITY L P | LOW INCOME RENTAL | $1,104,000 | 87 ft |
| 2726 PLEASANT AVE MINNEAPOLIS MN 55408 | J B NILAND & E E NERUD | RESIDENTIAL-TWO UNIT | $507,100 | 119 ft |
| 2733 GRAND AVE S MINNEAPOLIS MN 55408 | J R SCHWARTZ & P E CLARKE | RESIDENTIAL | $372,400 | 130 ft |
| 2727 GRAND AVE S MINNEAPOLIS MN 55408 | MATTHEW KESSLER | RESIDENTIAL | $367,600 | 146 ft |
| 2741 GRAND AVE S MINNEAPOLIS MN 55408 | VILLA NOVA PRESERVATN JV LLC | APARTMENT | $1,662,000 | 146 ft |
| 2724 PLEASANT AVE MINNEAPOLIS MN 55408 | LUCAS BRANDT/JESSICA BRANDT | RESIDENTIAL-TWO UNIT | $496,700 | 165 ft |
| 2725 GRAND AVE S MINNEAPOLIS MN 55408 | AMY A FITZGERALD | RESIDENTIAL | $261,000 | 171 ft |
| 228 28TH ST W MINNEAPOLIS MN 55408 | J PEDRO AGUILAR-LOPEZ ET AL | RESIDENTIAL | $271,600 | 180 ft |
| 2723 GRAND AVE S MINNEAPOLIS MN 55408 | PETRA BORGAN | RESIDENTIAL | $196,100 | 198 ft |
Most Recent Sale
Current Tax Year