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 ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
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 6,868 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3031 GRAND AVE S MINNEAPOLIS MN 55408 | ANDREW DICK | RESIDENTIAL | $262,600 | 58 ft |
| 3043 GRAND AVE S MINNEAPOLIS MN 55408 | LUCAS PELTON/REBECCA PELTON | APARTMENT | $496,000 | 69 ft |
| 3029 GRAND AVE S MINNEAPOLIS MN 55408 | IRENE MARIE ASHTON | RESIDENTIAL | $314,900 | 81 ft |
| 3027 GRAND AVE S MINNEAPOLIS MN 55408 | B VANDENBOOM & S VANDENBOOM | RESIDENTIAL | $140,800 | 104 ft |
| 3045 GRAND AVE S MINNEAPOLIS MN 55408 | DUGAN PROPERTIES LLC | APARTMENT | $669,000 | 117 ft |
| 3036 PLEASANT AVE MINNEAPOLIS MN 55408 | MKIHOMES LLC | RESIDENTIAL-TWO UNIT | $419,700 | 137 ft |
| 3030 PLEASANT AVE MINNEAPOLIS MN 55408 | VILLA NOVA PRESERVATN JV LLC | APARTMENT | $1,472,000 | 143 ft |
| 3025 GRAND AVE S MINNEAPOLIS MN 55408 | PETER MAGNUSON | RESIDENTIAL-TWO UNIT | $370,600 | 150 ft |
| 3038 PLEASANT AVE MINNEAPOLIS MN 55408 | LHF CAPITAL LLC | CONDOMINIUM | $68,000 | 152 ft |
| 3038 PLEASANT AVE MINNEAPOLIS MN 55408 | LHF CAPITAL LLC | CONDOMINIUM | $78,000 | 152 ft |
Most Recent Sale
Current Tax Year