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.
4 permits on record since 2018 · $29K total declared value · Most recent: Dec 2021 (commfdnr)
Wencl Services Inc
KRAMER MECHANICAL INC
MN PRO LLC DBA MN PRO EXTERIORS
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 2,945 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3144 PLEASANT AVE MINNEAPOLIS MN 55408 | GRAY MOON & TAMARA L MOON | RESIDENTIAL-TWO UNIT | $514,000 | 45 ft |
| 3132 PLEASANT AVE MINNEAPOLIS MN 55408 | PLEASANT COURT LLC | APARTMENT | $1,086,000 | 67 ft |
| 3148 PLEASANT AVE MINNEAPOLIS MN 55408 | P SHIPWAY & J SHIPWAY | TRIPLEX | $437,500 | 91 ft |
| 310 32ND ST W MINNEAPOLIS MN 55408 | COUNTY OF HENNEPIN | VACANT LAND-RESIDENTIAL | $0 | 103 ft |
| 3128 PLEASANT AVE MINNEAPOLIS MN 55408 | JENNIFER EMILY RIVES | RESIDENTIAL | $417,200 | 135 ft |
| 3141 GRAND AVE S MINNEAPOLIS MN 55408 | SVETLANA ZELENYUK | APARTMENT | $669,000 | 136 ft |
| 3145 GRAND AVE S MINNEAPOLIS MN 55408 | S F & T M LONGSTAFF | RESIDENTIAL-TWO UNIT | $380,400 | 142 ft |
| 3137 GRAND AVE S MINNEAPOLIS MN 55408 | ADAM E BAILEY | RESIDENTIAL | $492,000 | 143 ft |
| 3135 GRAND AVE S MINNEAPOLIS MN 55408 | LIZ RIVERA-ROBLEDO | RESIDENTIAL-TWO UNIT | $267,300 | 156 ft |
| 3149 GRAND AVE S MINNEAPOLIS MN 55408 | JAMES BOLLMAN | RESIDENTIAL-TWO UNIT | $444,900 | 162 ft |
Most Recent Sale
Current Tax Year