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 ↗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 ↗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 · $25K total declared value · Most recent: Dec 2018 (res)
CENTERPOINT ENERGY
Farr Plumbing and Heating LLC
S J FISHER CONSTRUCTION INC
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 2,568 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3212 GARFIELD AVE MINNEAPOLIS MN 55408 | ALBERT JACOB SCHMALENBERGER | CONDOMINIUM | $177,000 | 42 ft |
| 3212 GARFIELD AVE MINNEAPOLIS MN 55408 | SARAH GLORIA BREWER | CONDOMINIUM | $215,000 | 42 ft |
| 3212 GARFIELD AVE MINNEAPOLIS MN 55408 | MARY SCHLAPHOFF | CONDOMINIUM | $215,000 | 42 ft |
| 3212 GARFIELD AVE MINNEAPOLIS MN 55408 | HALEY PALMORE | CONDOMINIUM | $217,000 | 42 ft |
| 3212 GARFIELD AVE MINNEAPOLIS MN 55408 | L S B MOONEY & J MOONEY | CONDOMINIUM | $215,000 | 42 ft |
| MN | Unknown | — | — | 42 ft |
| 3200 GARFIELD AVE MINNEAPOLIS MN 55408 | LAURENCE V REARDON TRUST | APARTMENT | $1,500,000 | 63 ft |
| 3216 GARFIELD AVE MINNEAPOLIS MN 55408 | 3216 GARFIELD AVE INT RV TRU | RESIDENTIAL | $316,000 | 84 ft |
| 613 32ND ST W MINNEAPOLIS MN 55408 | REARDON PROPS LTD PTNSHP | APARTMENT | $725,000 | 118 ft |
| 3207 LYNDALE AVE S MINNEAPOLIS MN 55408 | HIPPOTIGRINE LLC | APARTMENT | $669,000 | 132 ft |
Current Tax Year