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 ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2017 · $15K total declared value · Most recent: Feb 2022 (res)
CHAMPION PLUMBING LLC
KEYPRIME ROOFING AND REMODELING
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 2,861 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3244 GRAND AVE S MINNEAPOLIS MN 55408 | WEST EDGE INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $544,200 | 42 ft |
| 3252 GRAND AVE S MINNEAPOLIS MN 55408 | 3252 GRAND LLC | APARTMENT | $539,200 | 44 ft |
| 3240 GRAND AVE S MINNEAPOLIS MN 55408 | C C WEISS & C THERESE | RESIDENTIAL | $379,000 | 84 ft |
| 3236 GRAND AVE S MINNEAPOLIS MN 55408 | CINNAMON WHALEY | RESIDENTIAL | $372,500 | 126 ft |
| 3249 HARRIET AVE MINNEAPOLIS MN 55408 | MARLAINE A OLSON | RESIDENTIAL | $299,700 | 141 ft |
| 320 33RD ST W MINNEAPOLIS MN 55408 | PROJECT 324 LLC | LAND-COMMERCIAL | $111,200 | 147 ft |
| 3245 HARRIET AVE MINNEAPOLIS MN 55408 | K A BENSON & M A NASH | RESIDENTIAL | $346,700 | 147 ft |
| 3300 GRAND AVE S MINNEAPOLIS MN 55408 | WEST EDGE INVESTMENTS LLC | TRIPLEX | $343,100 | 148 ft |
| 3251 HARRIET AVE MINNEAPOLIS MN 55408 | CANDACE B FRINK | RESIDENTIAL-TWO UNIT | $623,200 | 148 ft |
| 3241 HARRIET AVE MINNEAPOLIS MN 55408 | S & W FARRAR | RESIDENTIAL | $407,200 | 164 ft |
Most Recent Sale
Current Tax Year