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.
4 permits on record since 2018 · $30K total declared value · Most recent: Jul 2020 (remodel)
Brandt Real Estate Mgmt. LLC
MN Plumbing & Home Services INC
Airic's Heating & Air Conditioning Inc
Airic's Heating & Air Conditioning 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 1,585 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3305 GRAND AVE S MINNEAPOLIS MN 55408 | JOSEPH WAIDELICH | RESIDENTIAL-TWO UNIT | $359,900 | 43 ft |
| 315 33RD ST W MINNEAPOLIS MN 55408 | JAMES SWENSON | RESIDENTIAL | $256,600 | 65 ft |
| 3309 GRAND AVE S MINNEAPOLIS MN 55408 | JULIE BECKER | RESIDENTIAL | $374,700 | 86 ft |
| 3315 GRAND AVE S MINNEAPOLIS MN 55408 | KAGAN RIEDEL & SIRI PRESTON | RESIDENTIAL | $333,700 | 128 ft |
| 316 33RD ST W MINNEAPOLIS MN 55408 | MICHAEL H CARUS | RESIDENTIAL | $214,800 | 128 ft |
| 320 33RD ST W MINNEAPOLIS MN 55408 | PROJECT 324 LLC | LAND-COMMERCIAL | $111,200 | 129 ft |
| 312 33RD ST W MINNEAPOLIS MN 55408 | MICHAEL CARUS | RESIDENTIAL | $281,200 | 140 ft |
| 308 33RD ST W MINNEAPOLIS MN 55408 | D J GRAMANN | RESIDENTIAL | $356,000 | 153 ft |
| 3300 PLEASANT AVE MINNEAPOLIS MN 55408 | REBEKAH ONGSTAD | RESIDENTIAL | $343,400 | 154 ft |
| 3304 PLEASANT AVE MINNEAPOLIS MN 55408 | M TRAVIS & D LOPRETO | RESIDENTIAL | $388,500 | 159 ft |
Most Recent Sale
Current Tax Year