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.
4 permits on record since 2019 · $31K total declared value · Most recent: Aug 2024 (roofwind)
Kingfisher Construction
Erickson Plumbing Heating Cooling Inc
Jayhawk Mechanical Inc
WALKER ROOFING CO
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 82
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 4,603 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3023 PLEASANT AVE MINNEAPOLIS MN 55408 | VILLA NOVA PRESERVATN JV LLC | APARTMENT | $1,057,000 | 47 ft |
| 3035 PLEASANT AVE MINNEAPOLIS MN 55408 | LONNY G DOUB/KATHRYN M DOUB | APARTMENT | $2,524,000 | 81 ft |
| 3019 PLEASANT AVE MINNEAPOLIS MN 55408 | VILLA NOVA PRESERVATN JV LLC | APARTMENT | $1,057,000 | 94 ft |
| 3015 PLEASANT AVE MINNEAPOLIS MN 55408 | MARIA MOROCHO | RESIDENTIAL | $280,900 | 140 ft |
| 3043 PLEASANT AVE MINNEAPOLIS MN 55408 | LYNDALE NGHBRHD ASSOC | VACANT LAND-APARTMENT | $108,500 | 167 ft |
| 216 31ST ST W MINNEAPOLIS MN 55408 | LYNDALE NGHBRHD ASSOC | VACANT LAND-APARTMENT | $76,900 | 168 ft |
| 214 31ST ST W MINNEAPOLIS MN 55408 | MARTHA CAMACHO | RESIDENTIAL | $252,000 | 177 ft |
| 3032 PILLSBURY AVE MINNEAPOLIS MN 55408 | VILLA NOVA PRESERVATN JV LLC | APARTMENT | $1,723,000 | 186 ft |
| 3024 PILLSBURY AVE MINNEAPOLIS MN 55408 | VILLA NOVA PRESERVATN JV LLC | APARTMENT | $1,057,000 | 190 ft |
| 3045 PLEASANT AVE MINNEAPOLIS MN 55408 | J L ZHAGUI/M C Z C D ZHAGUI | RESIDENTIAL-TWO UNIT | $279,500 | 198 ft |
Most Recent Sale
Current Tax Year