ParcelLens
Property Intelligence · Twin Cities
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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 ↗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.
4 permits on record since 2017 · Most recent: Sep 2019 (existres)
CenterPoint Energy Resource Corp
Warners Stellian Co Inc
BENJAMIN FRANKLIN PLUMBING
CENTERPOINT ENERGY
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 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 3,048 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3242 1ST AVE S MINNEAPOLIS MN 55408 | BOOTSMA LAND COMPANY LLC | RESIDENTIAL-TWO UNIT | $352,400 | 44 ft |
| 3248 1ST AVE S MINNEAPOLIS MN 55408 | T TRAN & H P M TRAN | RESIDENTIAL-TWO UNIT | $438,400 | 46 ft |
| 3236 1ST AVE S MINNEAPOLIS MN 55408 | KELLY M GREENWOOD | RESIDENTIAL-TWO UNIT | $386,300 | 90 ft |
| 3245 NICOLLET AVE MINNEAPOLIS MN 55408 | K GREENWOOD & C GREENWOOD | RESIDENTIAL-TWO UNIT | $317,700 | 136 ft |
| 3232 1ST AVE S MINNEAPOLIS MN 55408 | K M GREENWOOD/C J GREENWOOD | RESIDENTIAL-TWO UNIT | $375,000 | 138 ft |
| 3249 NICOLLET AVE MINNEAPOLIS MN 55408 | MJM PROPERTIES MN LLC | TRIPLEX | $590,000 | 144 ft |
| 3241 NICOLLET AVE MINNEAPOLIS MN 55408 | 3241 NICOLLET | RESIDENTIAL-TWO UNIT | $334,000 | 144 ft |
| 3300 1ST AVE S MINNEAPOLIS MN 55408 | NEIRBO HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $293,900 | 152 ft |
| 3239 NICOLLET AVE MINNEAPOLIS MN 55408 | K GREENWOOD & C GREENWOOD | RESIDENTIAL | $314,400 | 164 ft |
| 3228 1ST AVE S MINNEAPOLIS MN 55408 | MATTHEW L RHIEL | RESIDENTIAL-TWO UNIT | $440,800 | 184 ft |
Current Tax Year