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.
1 permit on record since 2017 · $5K total declared value · Most recent: Mar 2017 (misc)
LEGACY RESTORATION LLC
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 2,909 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3308 GRAND AVE S MINNEAPOLIS MN 55408 | OLIVIA LAUREN ABBOTT | CONDOMINIUM | $146,600 | 43 ft |
| 3308 GRAND AVE S MINNEAPOLIS MN 55408 | KATIE LOEFFLER | CONDOMINIUM | $142,500 | 43 ft |
| 3308 GRAND AVE S MINNEAPOLIS MN 55408 | MICHAEL THOMPSON | CONDOMINIUM | $140,400 | 43 ft |
| 3308 GRAND AVE S MINNEAPOLIS MN 55408 | CHLOE WHITTEN | CONDOMINIUM | $169,500 | 43 ft |
| MN | Unknown | — | — | 43 ft |
| 3320 GRAND AVE S MINNEAPOLIS MN 55408 | HIMRAJ PROPERTIES LLC | APARTMENT | $1,651,000 | 64 ft |
| 3304 GRAND AVE S MINNEAPOLIS MN 55408 | R WHITEHOUSE ET AL SUB/L E | RESIDENTIAL | $335,600 | 85 ft |
| 3300 GRAND AVE S MINNEAPOLIS MN 55408 | WEST EDGE INVESTMENTS LLC | TRIPLEX | $343,100 | 128 ft |
| 3324 GRAND AVE S MINNEAPOLIS MN 55408 | J D HILL LIVING TRUST ET AL | RESIDENTIAL | $302,700 | 128 ft |
| 3313 HARRIET AVE MINNEAPOLIS MN 55408 | D E SCHWANDT & E K BIRD | RESIDENTIAL | $450,000 | 141 ft |
Most Recent Sale
Current Tax Year