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.
3 permits on record since 2017 · Most recent: Sep 2023 (res)
FFM LLC
Standard Heating and Air Conditioning Inc
SWAT ENVIRONMENT
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 sfr / adu benchmarks for 73 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3248 HARRIET AVE MINNEAPOLIS MN 55408 | AMANDA NELL STORM | RESIDENTIAL | $547,000 | 59 ft |
| 3254 HARRIET AVE MINNEAPOLIS MN 55408 | P A TENELEMA & L J BUENO | RESIDENTIAL-TWO UNIT | $332,500 | 65 ft |
| 3244 HARRIET AVE MINNEAPOLIS MN 55408 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 94 ft |
| 3255 GARFIELD AVE MINNEAPOLIS MN 55408 | AMP HOUSE PARTNERS LLC | COMMERCIAL-PREFERRED | $630,000 | 103 ft |
| 3249 GARFIELD AVE MINNEAPOLIS MN 55408 | GARFIELD APT PARTNERS LLC | APARTMENT | $1,850,000 | 110 ft |
| 507 33RD ST W MINNEAPOLIS MN 55408 | KAREN A WILLIAMS LLC | RESIDENTIAL-TWO UNIT | $444,600 | 116 ft |
| 3302 HARRIET AVE MINNEAPOLIS MN 55408 | KURT J FABER | RESIDENTIAL-TWO UNIT | $483,600 | 122 ft |
| 3240 HARRIET AVE MINNEAPOLIS MN 55408 | MARK E BORRELLO TRUST | RESIDENTIAL | $303,900 | 134 ft |
| 3245 GARFIELD AVE MINNEAPOLIS MN 55408 | J C LEWIS/A L MERKLIN LEWIS | RESIDENTIAL | $390,200 | 134 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | S PAJUNEN/F OLSON-BORGERDING | CONDOMINIUM | $204,900 | 148 ft |
Most Recent Sale
Current Tax Year