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 ↗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.
5 permits on record since 2018 · $53K total declared value · Most recent: Apr 2024 (misc)
ARDMOR CONSTRUCTION
ARDMOR CONSTRUCTION
Centraire Heating & Air Conditioning LLC
ARDMOR CONSTRUCTION
CENTERPOINT ENERGY
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 2,943 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3124 PLEASANT AVE MINNEAPOLIS MN 55408 | L A SKARIE & G N NELSON | TRIPLEX | $662,800 | 45 ft |
| 3132 PLEASANT AVE MINNEAPOLIS MN 55408 | PLEASANT COURT LLC | APARTMENT | $1,086,000 | 68 ft |
| 3120 PLEASANT AVE MINNEAPOLIS MN 55408 | J SANCHEZ & S O HERNANDEZ | RESIDENTIAL | $223,000 | 90 ft |
| 3118 PLEASANT AVE MINNEAPOLIS MN 55408 | 3118 PLEASANT LLC | TRIPLEX | $404,000 | 135 ft |
| 3140 PLEASANT AVE MINNEAPOLIS MN 55408 | TIMOTHY JOHN JORDAN | APARTMENT | $761,000 | 135 ft |
| 3129 GRAND AVE S MINNEAPOLIS MN 55408 | DOM INVESTMENTS LLC | CONDOMINIUM | $171,000 | 135 ft |
| 3129 GRAND AVE S MINNEAPOLIS MN 55408 | JEFFREY SHIELD/DEBRA SHIELD | CONDOMINIUM | $171,000 | 135 ft |
| 3129 GRAND AVE S MINNEAPOLIS MN 55408 | JOEL WEINER | CONDOMINIUM | $191,000 | 135 ft |
| 3129 GRAND AVE S MINNEAPOLIS MN 55408 | ALEXANDRIA ROSE RUMSEY | CONDOMINIUM | $184,000 | 135 ft |
| MN | Unknown | — | — | 135 ft |
Most Recent Sale
Current Tax Year