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.
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 6,724 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3140 PLEASANT AVE MINNEAPOLIS MN 55408 | TIMOTHY JOHN JORDAN | APARTMENT | $761,000 | 67 ft |
| 3128 PLEASANT AVE MINNEAPOLIS MN 55408 | JENNIFER EMILY RIVES | RESIDENTIAL | $417,200 | 68 ft |
| 3124 PLEASANT AVE MINNEAPOLIS MN 55408 | L A SKARIE & G N NELSON | TRIPLEX | $662,800 | 113 ft |
| 3144 PLEASANT AVE MINNEAPOLIS MN 55408 | GRAY MOON & TAMARA L MOON | RESIDENTIAL-TWO UNIT | $514,000 | 113 ft |
| 3135 GRAND AVE S MINNEAPOLIS MN 55408 | LIZ RIVERA-ROBLEDO | RESIDENTIAL-TWO UNIT | $267,300 | 136 ft |
| 3137 GRAND AVE S MINNEAPOLIS MN 55408 | ADAM E BAILEY | RESIDENTIAL | $492,000 | 137 ft |
| 3133 GRAND AVE S MINNEAPOLIS MN 55408 | JOSHUA J & NANCY L STEELE | RESIDENTIAL | $234,600 | 139 ft |
| 3129 GRAND AVE S MINNEAPOLIS MN 55408 | DOM INVESTMENTS LLC | CONDOMINIUM | $171,000 | 151 ft |
| 3129 GRAND AVE S MINNEAPOLIS MN 55408 | JEFFREY SHIELD/DEBRA SHIELD | CONDOMINIUM | $171,000 | 151 ft |
| 3129 GRAND AVE S MINNEAPOLIS MN 55408 | JOEL WEINER | CONDOMINIUM | $191,000 | 151 ft |
Most Recent Sale
Current Tax Year