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.
5 permits on record since 2017 · $30K total declared value · Most recent: Feb 2026 (existres)
Standard Heating and Air Conditioning Inc
MINNESOTA EXTERIORS INC
DBS RESIDENTIAL SOLUTIONS INC
MONARCH BUILDERS & COMMERCIAL SERVICES
Plumb Right Corp
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 2,859 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3232 GRAND AVE S MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 42 ft |
| 3240 GRAND AVE S MINNEAPOLIS MN 55408 | C C WEISS & C THERESE | RESIDENTIAL | $379,000 | 42 ft |
| 3228 GRAND AVE S MINNEAPOLIS MN 55408 | CHINONSO E ANUNKOR | RESIDENTIAL | $298,000 | 84 ft |
| 3244 GRAND AVE S MINNEAPOLIS MN 55408 | WEST EDGE INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $544,200 | 84 ft |
| 3224 GRAND AVE S MINNEAPOLIS MN 55408 | AFFORDABLE GREEN HOMES LLC | APARTMENT | $482,000 | 126 ft |
| 3248 GRAND AVE S MINNEAPOLIS MN 55408 | KIMBERLY J DAHLSTROM | RESIDENTIAL-TWO UNIT | $408,900 | 126 ft |
| 3237 HARRIET AVE MINNEAPOLIS MN 55408 | RYAN C KOSSEFF-JONES ET AL | RESIDENTIAL | $416,300 | 141 ft |
| 3241 HARRIET AVE MINNEAPOLIS MN 55408 | S & W FARRAR | RESIDENTIAL | $407,200 | 147 ft |
| 3233 HARRIET AVE MINNEAPOLIS MN 55408 | K E HOFF & R M WEIDMAN | RESIDENTIAL | $620,000 | 147 ft |
| 3245 HARRIET AVE MINNEAPOLIS MN 55408 | K A BENSON & M A NASH | RESIDENTIAL | $346,700 | 164 ft |
Most Recent Sale
Current Tax Year