On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
4 permits on record since 2003 · $145K total declared value · Most recent: Sep 2025 (remodel)
FUZE REAL ESTATE
Norblom Plumbing Co
Norblom Plumbing Co
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
Residential Mixed-Use 1 — low-density mixed 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 2,588 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3233 LYNDALE AVE S MINNEAPOLIS MN 55408 | R S GOLDMAN 2024 CH RE UNITR | APARTMENT | $530,000 | 42 ft |
| 3241 LYNDALE AVE S MINNEAPOLIS MN 55408 | JCB HOLDINGS LLC | CONDOMINIUM | $123,000 | 42 ft |
| 3241 LYNDALE AVE S MINNEAPOLIS MN 55408 | JCB HOLDINGS LLC | CONDOMINIUM | $160,000 | 42 ft |
| 3241 LYNDALE AVE S MINNEAPOLIS MN 55408 | JCB HOLDINGS LLC | CONDOMINIUM | $160,000 | 42 ft |
| 3241 LYNDALE AVE S MINNEAPOLIS MN 55408 | JCB HOLDINGS LLC | CONDOMINIUM | $168,000 | 42 ft |
| 3241 LYNDALE AVE S MINNEAPOLIS MN 55408 | BARBARA PERILLO | CONDOMINIUM | $161,000 | 42 ft |
| MN | Unknown | — | — | 42 ft |
| 3225 LYNDALE AVE S MINNEAPOLIS MN 55408 | ALLEGRO PROPERTIES LLC | COMMERCIAL-PREFERRED | $1,433,100 | 105 ft |
| 3247 LYNDALE AVE S MINNEAPOLIS MN 55408 | 3247 LYNDALE LLC | APARTMENT | $1,754,000 | 105 ft |
| 3236 GARFIELD AVE MINNEAPOLIS MN 55408 | EMILY COVERT | CONDOMINIUM | $120,500 | 134 ft |
Most Recent Sale
Current Tax Year