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 · $8K total declared value · Most recent: Oct 2023 (misc)
SHELTER CONSTRUCTION LLC
CENTERPOINT ENERGY
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 2,905 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3309 GARFIELD AVE MINNEAPOLIS MN 55408 | ROBERT M BROWN/NINA A BROWN | RESIDENTIAL | $386,600 | 43 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | S PAJUNEN/F OLSON-BORGERDING | CONDOMINIUM | $204,900 | 44 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | ASHLEY J WIESE | CONDOMINIUM | $191,400 | 44 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | IAN ALLEN | CONDOMINIUM | $205,900 | 44 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | RICHARD FAIRBANKS | CONDOMINIUM | $205,900 | 44 ft |
| MN | Unknown | — | — | 44 ft |
| 3315 GARFIELD AVE MINNEAPOLIS MN 55408 | A O LOVEJOY & I TCHOUKARINE | RESIDENTIAL | $392,700 | 85 ft |
| 507 33RD ST W MINNEAPOLIS MN 55408 | KAREN A WILLIAMS LLC | RESIDENTIAL-TWO UNIT | $444,600 | 107 ft |
| 3317 GARFIELD AVE MINNEAPOLIS MN 55408 | DANIEL J BENDER REV TR ET AL | RESIDENTIAL | $493,800 | 128 ft |
| 3255 GARFIELD AVE MINNEAPOLIS MN 55408 | AMP HOUSE PARTNERS LLC | COMMERCIAL-PREFERRED | $630,000 | 146 ft |
Most Recent Sale
Current Tax Year