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 ↗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 2017 · Most recent: Oct 2025 (existres)
Ray N Welter Heating Co
Ray N Welter Heating Co
BURNOMATIC
Tim's Quality Plumbing 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 3,117 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3136 GRAND AVE S MINNEAPOLIS MN 55408 | CLAIRE VANDEREYK | RESIDENTIAL | $244,100 | 45 ft |
| 3128 GRAND AVE S MINNEAPOLIS MN 55408 | RANDI CLABO | CONDOMINIUM | $152,000 | 45 ft |
| 3128 GRAND AVE S MINNEAPOLIS MN 55408 | BTAYLOR INVESTMENTS LLC | CONDOMINIUM | $152,000 | 45 ft |
| 3128 GRAND AVE S MINNEAPOLIS MN 55408 | DSL REVOCABLE TRUST | CONDOMINIUM | $168,000 | 45 ft |
| 3128 GRAND AVE S MINNEAPOLIS MN 55408 | LUKE M FLATLA | CONDOMINIUM | $155,000 | 45 ft |
| MN | Unknown | — | — | 45 ft |
| 3124 GRAND AVE S MINNEAPOLIS MN 55408 | BEVERLY A GUDBRANDSON | RESIDENTIAL-TWO UNIT | $358,200 | 90 ft |
| 3140 GRAND AVE S MINNEAPOLIS MN 55408 | A R BURKHARDT ET AL | RESIDENTIAL-TWO UNIT | $423,700 | 90 ft |
| 3120 GRAND AVE S MINNEAPOLIS MN 55408 | NADHIA FUENTES/NATHAN VOLKER | RESIDENTIAL | $374,800 | 135 ft |
| 3144 GRAND AVE S MINNEAPOLIS MN 55408 | C E LOWANS & B T MORSE | RESIDENTIAL | $389,800 | 135 ft |
Most Recent Sale
Current Tax Year