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.
5 permits on record since 2017 · $534K total declared value · Most recent: Feb 2026 (remodel)
YB Construction LLC
Norse Heating and Air Inc
BURNOMATIC
QUALITY TRUSTED COMMERCIAL CONSTRUCTION AND ROOFIN
SAZIC CONSTRUCTION LLC
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
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3013 PILLSBURY AVE MINNEAPOLIS MN 55408 | THONG ANH CAO | COMMERCIAL-PREFERRED | $408,000 | 95 ft |
| 103 LAKE ST W MINNEAPOLIS MN 55408 | NEW HORIZON R/E DEV LLP | COMMERCIAL-PREFERRED | $0 | 175 ft |
| 130 LAKE ST W MINNEAPOLIS MN 55408 | LAFEY PLAZA LLC | COMMERCIAL-PREFERRED | $650,000 | 207 ft |
| 120 LAKE ST W MINNEAPOLIS MN 55408 | SELWIN S ORTEGA ROMERO | COMMERCIAL-PREFERRED | $340,000 | 208 ft |
| 118 LAKE ST W MINNEAPOLIS MN 55408 | SELWIN S ORTEGA ROMERO | COMMERCIAL-NON PREFERRED | $295,000 | 215 ft |
| 3004 PILLSBURY AVE MINNEAPOLIS MN 55408 | 201 W LAKE ST LLC | COMMERCIAL-PREFERRED | $505,000 | 249 ft |
| 201 LAKE ST W MINNEAPOLIS MN 55408 | 201 W LAKE ST LLC | COMMERCIAL-PREFERRED | $956,000 | 252 ft |
| 3008 PILLSBURY AVE MINNEAPOLIS MN 55408 | 201 W LAKE ST LLC | COMMERCIAL-PREFERRED | $568,000 | 255 ft |
| 100 LAKE ST W MINNEAPOLIS MN 55408 | SLSL PROPERTIES LLC | COMMERCIAL-PREFERRED | $1,685,000 | 269 ft |
| 3012 PILLSBURY AVE MINNEAPOLIS MN 55408 | 201 W LAKE ST LLC | COMMERCIAL-PREFERRED | $581,000 | 270 ft |