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.
7 permits on record since 2021 · $67K total declared value · Most recent: Jul 2024 (misc)
KRECH EXTERIORS INC
PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING
EGRESS WINDOW GUY
Phenomenal Plumbing Inc
AQUARIUS HOME SERVICES
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 2,968 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3312 1ST AVE S MINNEAPOLIS MN 55408 | JANKEN PROPERTY SERVICES LLC | RESIDENTIAL-TWO UNIT | $374,700 | 45 ft |
| 3304 1ST AVE S MINNEAPOLIS MN 55408 | DAVID H SIDHOM | RESIDENTIAL | $252,000 | 47 ft |
| 3316 1ST AVE S MINNEAPOLIS MN 55408 | CASH FOR SHACKS LLC | RESIDENTIAL-TWO UNIT | $348,700 | 90 ft |
| 3300 1ST AVE S MINNEAPOLIS MN 55408 | NEIRBO HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $293,900 | 93 ft |
| 3320 1ST AVE S MINNEAPOLIS MN 55408 | PAMELA J PARKER | RESIDENTIAL | $394,000 | 135 ft |
| 3309 NICOLLET AVE MINNEAPOLIS MN 55408 | PAREDES L ELOY ARCESIO | APARTMENT | $501,000 | 137 ft |
| 3315 NICOLLET AVE MINNEAPOLIS MN 55408 | PINE TREE LLC | APARTMENT | $561,000 | 144 ft |
| 3301 NICOLLET AVE MINNEAPOLIS MN 55408 | 3301 NICOLLET LTD PTNSHIP | LOW INCOME RENTAL | $9,620,000 | 153 ft |
| 3317 NICOLLET AVE MINNEAPOLIS MN 55408 | S R SKRIEN & C B SKRIEN | APARTMENT | $464,000 | 164 ft |
| 3324 1ST AVE S MINNEAPOLIS MN 55408 | G D & A M WILNER | RESIDENTIAL | $273,000 | 180 ft |
Most Recent Sale
Current Tax Year