ParcelLens
Property Intelligence · Twin Cities
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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 ↗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.
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3121 1ST AVE S MINNEAPOLIS MN 55408 | MN TEEN CHALLENGE INC | VACANT LAND-APARTMENT | $0 | 33 ft |
| 3133 1ST AVE S MINNEAPOLIS MN 55408 | EXODUS REDEEMER LTD PTNRSHP | LOW INCOME RENTAL | $449,700 | 83 ft |
| 3117 1ST AVE S MINNEAPOLIS MN 55408 | MN TEEN CHALLENGE INC | APARTMENT | $0 | 125 ft |
| 3118 STEVENS AVE MINNEAPOLIS MN 55408 | MINNESOTA TEEN CHALLENGE INC | APARTMENT | $1,882,000 | 139 ft |
| 3128 STEVENS AVE MINNEAPOLIS MN 55408 | 116 E 32ND STREET LLC | LAND-COMMERCIAL | $118,800 | 150 ft |
| 3137 1ST AVE S MINNEAPOLIS MN 55408 | EXODUS REDEEMER LTD PTNRSHP | LOW INCOME RENTAL | $375,100 | 151 ft |
| 3132 STEVENS AVE MINNEAPOLIS MN 55408 | 116 E 32ND STREET LLC | LAND-COMMERCIAL | $118,800 | 173 ft |
| 3130 1ST AVE S MINNEAPOLIS MN 55408 | NIKKI KRISTENE BRODERICK | RESIDENTIAL | $326,000 | 198 ft |
| 3136 STEVENS AVE MINNEAPOLIS MN 55408 | 116 E 32ND STREET LLC | LAND-COMMERCIAL | $119,400 | 204 ft |
| 3132 1ST AVE S MINNEAPOLIS MN 55408 | PARVENUE PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $306,800 | 216 ft |
Current Tax Year