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.
7 permits on record since 2022 · $112K total declared value · Most recent: Nov 2025 (tempheat)
AMERICAN AIR SUPPLY INC
AMERICAN AIR SUPPLY INC
Majestic Plumbing Inc
AMERICAN AIR SUPPLY INC
Advanced Home Exteriors Inc.
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 78.01
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 3,805 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2608 2ND AVE S MINNEAPOLIS MN 55408 | 2608 2ND AVENUE LLC | APARTMENT | $516,000 | 53 ft |
| 2616 2ND AVE S MINNEAPOLIS MN 55408 | UPPAL GROUP LLC | APARTMENT | $408,000 | 53 ft |
| 2606 2ND AVE S MINNEAPOLIS MN 55408 | A ANDREEV & C D HANSEN | RESIDENTIAL | $208,600 | 100 ft |
| 2620 2ND AVE S MINNEAPOLIS MN 55408 | JESSE SODERSTROM | RESIDENTIAL | $195,200 | 103 ft |
| 2604 2ND AVE S MINNEAPOLIS MN 55408 | S A COPPE & D B WILLIAMS II | RESIDENTIAL | $225,900 | 134 ft |
| 131 26TH ST E MINNEAPOLIS MN 55404 | THOMAS D UNRUH | RESIDENTIAL | $230,000 | 140 ft |
| 2613 STEVENS AVE MINNEAPOLIS MN 55408 | SOURCE MN INC | RESIDENTIAL-TWO UNIT | $772,100 | 144 ft |
| 2609 STEVENS AVE MINNEAPOLIS MN 55408 | WEW-STEVENS PROPERTIES II | RESIDENTIAL | $0 | 160 ft |
| 2600 2ND AVE S MINNEAPOLIS MN 55408 | THOMAS BOIK/JESSICA PEDERSON | RESIDENTIAL | $225,500 | 170 ft |
| 2624 2ND AVE S MINNEAPOLIS MN 55408 | JUDITH A NELSON | CONDOMINIUM | $180,000 | 171 ft |
Most Recent Sale
Current Tax Year