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 ↗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 ↗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.
6 permits on record since 2018 · $11K total declared value · Most recent: Jun 2019 (remodel)
Kevin T Powell
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 3,151 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3336 STEVENS AVE MINNEAPOLIS MN 55408 | HERMACH INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $273,600 | 45 ft |
| 3344 STEVENS AVE MINNEAPOLIS MN 55408 | ANYANWU E.N. LIVING TRUST | RESIDENTIAL-TWO UNIT | $269,600 | 46 ft |
| 3334 STEVENS AVE MINNEAPOLIS MN 55408 | NORTHERN VALUE GROUP LLC | RESIDENTIAL | $233,000 | 85 ft |
| 112 34TH ST E MINNEAPOLIS MN 55408 | LOGAN BISHOPWRIGHT | RESIDENTIAL | $228,000 | 85 ft |
| 3350 STEVENS AVE MINNEAPOLIS MN 55408 | MADISON AVE HOMES LLC | LOW INCOME RENTAL | $251,000 | 92 ft |
| 3330 STEVENS AVE MINNEAPOLIS MN 55408 | JOSEF HOFFMAN | RESIDENTIAL-TWO UNIT | $334,500 | 130 ft |
| 3341 1ST AVE S MINNEAPOLIS MN 55408 | R J NESHEIM & E S NESHEIM | RESIDENTIAL | $444,000 | 142 ft |
| 3345 1ST AVE S MINNEAPOLIS MN 55408 | 3345 1ST LLC | RESIDENTIAL-TWO UNIT | $386,800 | 149 ft |
| 3337 1ST AVE S MINNEAPOLIS MN 55408 | S A FAZIO/J BEN-NOAH CARLSON | RESIDENTIAL | $400,000 | 149 ft |
| 3349 1ST AVE S MINNEAPOLIS MN 55408 | ROBERT JAMES MANALO | RESIDENTIAL | $300,000 | 168 ft |
Most Recent Sale
Current Tax Year