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.
4 permits on record since 2006 · $615K total declared value · Most recent: Sep 2025 (commfdrr)
Residential Heating and Air Conditioning Inc
Residential Heating and Air Conditioning Inc
Residential Heating and Air Conditioning Inc
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 3,196 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3032 GRAND AVE S MINNEAPOLIS MN 55408 | JJHOLDINGCORP LLC | RESIDENTIAL-TWO UNIT | $376,000 | 46 ft |
| 3040 GRAND AVE S MINNEAPOLIS MN 55408 | JERRY CORWIN | RESIDENTIAL | $358,100 | 46 ft |
| 3030 GRAND AVE S MINNEAPOLIS MN 55408 | JEANNINE JOHNSON | RESIDENTIAL-TWO UNIT | $447,900 | 92 ft |
| 404 31ST ST W MINNEAPOLIS MN 55408 | JAMES A TAYLOR | APARTMENT | $543,000 | 96 ft |
| 410 31ST ST W MINNEAPOLIS MN 55408 | T L STOLTZ & A A LEFTON | RESIDENTIAL | $200,900 | 103 ft |
| 3024 GRAND AVE S MINNEAPOLIS MN 55408 | K N MOGUEL & M M JENSEN | RESIDENTIAL-TWO UNIT | $326,400 | 138 ft |
| 3041 HARRIET AVE MINNEAPOLIS MN 55408 | MARK L LOKOWICH ET AL | RESIDENTIAL-TWO UNIT | $351,200 | 140 ft |
| 3043 HARRIET AVE MINNEAPOLIS MN 55408 | LORI A NIETERS/PAUL WILKINS | RESIDENTIAL-TWO UNIT | $393,000 | 144 ft |
| 3033 HARRIET AVE MINNEAPOLIS MN 55408 | MPLS UPTOWN RENTALS 3033 LLC | RESIDENTIAL-TWO UNIT | $399,100 | 148 ft |
| 3045 HARRIET AVE MINNEAPOLIS MN 55408 | 3045 HARRIET LLC | RESIDENTIAL-TWO UNIT | $379,900 | 155 ft |
Most Recent Sale
Current Tax Year