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.
2 permits on record since 2019 · $35K total declared value · Most recent: Mar 2024 (misc)
PETER HALL CONSTRUCTION INC
APOLLO HEATING AND AIR
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Lyndale · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 83
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 3-story wood frame (5–12 units) benchmarks for 3,032 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3136 1ST AVE S MINNEAPOLIS MN 55408 | KENNETH BECK | RESIDENTIAL | $212,000 | 46 ft |
| 3146 1ST AVE S MINNEAPOLIS MN 55408 | JACQUELYN R PALMAREZ | APARTMENT | $537,000 | 46 ft |
| 3132 1ST AVE S MINNEAPOLIS MN 55408 | PARVENUE PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $306,800 | 92 ft |
| 3130 1ST AVE S MINNEAPOLIS MN 55408 | NIKKI KRISTENE BRODERICK | RESIDENTIAL | $326,000 | 138 ft |
| 3149 NICOLLET AVE MINNEAPOLIS MN 55408 | REYES ENTERPRISES LLC | COMMERCIAL-NON PREFERRED | $890,000 | 138 ft |
| 3137 NICOLLET AVE MINNEAPOLIS MN 55408 | J AGUIRRE & J REYES | RESIDENTIAL-TWO UNIT | $308,000 | 143 ft |
| 3143 1ST AVE S MINNEAPOLIS MN 55408 | EXODUS REDEEMER LTD PTNRSHP | LOW INCOME RENTAL | $554,000 | 154 ft |
| 3133 NICOLLET AVE MINNEAPOLIS MN 55408 | JAQUELIN REYES/JOSE AGUIRRE | RESIDENTIAL | $315,400 | 164 ft |
| 3200 1ST AVE S MINNEAPOLIS MN 55408 | K M & C J GREENWOOD | RESIDENTIAL-TWO UNIT | $448,700 | 167 ft |
| 3137 1ST AVE S MINNEAPOLIS MN 55408 | EXODUS REDEEMER LTD PTNRSHP | LOW INCOME RENTAL | $375,100 | 192 ft |
Most Recent Sale
Current Tax Year