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.
5 permits on record since 2023 · $144K total declared value · Most recent: Mar 2024 (roofwind)
LANE CONSTRUCTION INC
WALKER ROOFING CO
Jayhawk Mechanical Inc
Jayhawk Mechanical Inc
LANE 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 2,913 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3345 HARRIET AVE MINNEAPOLIS MN 55408 | SHELLY M KOPPA/WAYNE A KOPPA | APARTMENT | $669,000 | 43 ft |
| 3337 HARRIET AVE MINNEAPOLIS MN 55408 | DEBORAH J HENNRIKUS TRUST | RESIDENTIAL | $350,500 | 43 ft |
| 3333 HARRIET AVE MINNEAPOLIS MN 55408 | L PETELINSEK & N CAMERON | RESIDENTIAL | $352,500 | 85 ft |
| 3329 HARRIET AVE MINNEAPOLIS MN 55408 | RANDI MOYER | RESIDENTIAL | $426,600 | 128 ft |
| 3340 GRAND AVE S MINNEAPOLIS MN 55408 | JACKIE JO WILLEY | RESIDENTIAL | $320,100 | 141 ft |
| 3344 GRAND AVE S MINNEAPOLIS MN 55408 | S B & J L SCHUENEMAN | RESIDENTIAL | $315,800 | 147 ft |
| 3336 GRAND AVE S MINNEAPOLIS MN 55408 | JAMES D TORBERT REV LIV TR | RESIDENTIAL | $335,400 | 148 ft |
| 3332 GRAND AVE S MINNEAPOLIS MN 55408 | LEE ANN THELEN | RESIDENTIAL-TWO UNIT | $438,900 | 166 ft |
| 3401 HARRIET AVE MINNEAPOLIS MN 55408 | 3401HARRIET LLC | RESIDENTIAL | $426,900 | 166 ft |
| 3325 HARRIET AVE MINNEAPOLIS MN 55408 | MARY P GIBNEY | RESIDENTIAL | $284,000 | 170 ft |
Most Recent Sale
Current Tax Year