ParcelLens
Property Intelligence · Twin Cities
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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.
No permits found in Minneapolis open data for this parcel.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 85
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
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 2,465 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3248 16TH AVE S MINNEAPOLIS MN 55407 | BRANDON LARSON | RESIDENTIAL-TWO UNIT | $403,000 | 41 ft |
| 3240 16TH AVE S MINNEAPOLIS MN 55407 | APRIL ZOLL | RESIDENTIAL-TWO UNIT | $368,800 | 41 ft |
| 3236 16TH AVE S MINNEAPOLIS MN 55407 | STEPHANIE OLMSCHEID | RESIDENTIAL-TWO UNIT | $304,400 | 83 ft |
| 3254 16TH AVE S MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL-TWO UNIT | $467,000 | 84 ft |
| 3232 16TH AVE S MINNEAPOLIS MN 55407 | VARNTA SIRIMANOTHAY | RESIDENTIAL | $247,100 | 125 ft |
| 3245 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $344,200 | 136 ft |
| 3241 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | S B DICKSON & M DICKSON | RESIDENTIAL | $319,000 | 142 ft |
| 3247 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | RODRIGUEZ HOMESTEAD TRUST | RESIDENTIAL-TWO UNIT | $360,700 | 142 ft |
| 3237 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JULIENNE M OTTO | RESIDENTIAL | $290,500 | 160 ft |
| 3253 BLOOMINGTON AVE S MINNEAPOLIS MN 55407 | SERENDIPITY INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $296,100 | 160 ft |
Most Recent Sale
Current Tax Year