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 ↗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.
1 permit on record since 2025 · $50K total declared value · Most recent: Jun 2025 (addition)
Nice Place 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 3,137 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2632 2ND AVE S MINNEAPOLIS MN 55408 | DUANDALA KIATOUKAYSI VANG | RESIDENTIAL-TWO UNIT | $377,700 | 46 ft |
| 2640 2ND AVE S MINNEAPOLIS MN 55408 | 2640 2ND AVENUE SOUTH LLC | APARTMENT | $1,749,000 | 69 ft |
| 2624 2ND AVE S MINNEAPOLIS MN 55408 | JUDITH A NELSON | CONDOMINIUM | $180,000 | 114 ft |
| 2626 2ND AVE S MINNEAPOLIS MN 55408 | HSIANG HSIN HSIUNG | CONDOMINIUM | $207,000 | 114 ft |
| 2628 2ND AVE S MINNEAPOLIS MN 55408 | MARIE UGBOAJAH | CONDOMINIUM | $180,000 | 114 ft |
| 2630 2ND AVE S MINNEAPOLIS MN 55408 | DEREK B JOHNSON-DEAN ET AL | CONDOMINIUM | $190,000 | 114 ft |
| MN | Unknown | — | — | 114 ft |
| 200 27TH ST E MINNEAPOLIS MN 55408 | 2100 GRAND AVE S LLC | RESIDENTIAL-TWO UNIT | $329,900 | 159 ft |
| MN | Unknown | — | — | 167 ft |
| MN | Unknown | — | — | 167 ft |
Most Recent Sale
Current Tax Year