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.
5 permits on record since 2017 · $75K total declared value · Most recent: Nov 2023 (roofwind)
Neighborly Property Group LLC
KALE CONSTRUCTION INC
BRIAN KALLIOINEN
RAINBOW INTERNATIONAL OF MINNEAPOLIS
BRIAN KALLIOINEN
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 3 — medium-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 2,650 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2705 STEVENS AVE MINNEAPOLIS MN 55408 | BOLD INVESTMENT GROUP LLC | APARTMENT | $469,000 | 40 ft |
| 2715 STEVENS AVE MINNEAPOLIS MN 55408 | DAVID T SCHAEFER | APARTMENT | $480,000 | 44 ft |
| 2701 STEVENS AVE MINNEAPOLIS MN 55408 | K MCMASTERS & M LAMBING | RESIDENTIAL | $339,000 | 87 ft |
| 2717 STEVENS AVE MINNEAPOLIS MN 55408 | VIVIAN BJORKLUND | RESIDENTIAL | $285,100 | 92 ft |
| 135 27TH ST E MINNEAPOLIS MN 55408 | 1321 7TH STREET LLC | RESIDENTIAL | $118,800 | 134 ft |
| 2708 2ND AVE S MINNEAPOLIS MN 55408 | TODD E LANIS | RESIDENTIAL | $322,000 | 140 ft |
| 2721 STEVENS AVE MINNEAPOLIS MN 55408 | DAVID A LA VIOLETTE | CONDOMINIUM | $152,000 | 143 ft |
| 2721 STEVENS AVE MINNEAPOLIS MN 55408 | BENNETT ZWEBER | CONDOMINIUM | $139,000 | 143 ft |
| 2721 STEVENS AVE MINNEAPOLIS MN 55408 | KRISTI L REYNOLDS | CONDOMINIUM | $139,000 | 143 ft |
| 2721 STEVENS AVE MINNEAPOLIS MN 55408 | PETER MOLENAAR | CONDOMINIUM | $139,000 | 143 ft |
Most Recent Sale
Current Tax Year