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.
2 permits on record since 2019 · $1.1M total declared value · Most recent: Nov 2019 (comnofdbv)
Gust Plumbing Inc
DOVETAIL RENOVATION 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
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 3-story wood frame (5–12 units) benchmarks for 3,518 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3255 GARFIELD AVE MINNEAPOLIS MN 55408 | AMP HOUSE PARTNERS LLC | COMMERCIAL-PREFERRED | $630,000 | 45 ft |
| 3245 GARFIELD AVE MINNEAPOLIS MN 55408 | J C LEWIS/A L MERKLIN LEWIS | RESIDENTIAL | $390,200 | 46 ft |
| 3243 GARFIELD AVE MINNEAPOLIS MN 55408 | JORDAN M O'CONNELL | RESIDENTIAL | $271,200 | 88 ft |
| 510 33RD ST W MINNEAPOLIS MN 55408 | C A CATTELL & J R WYGANT | RESIDENTIAL | $298,900 | 110 ft |
| 3237 GARFIELD AVE MINNEAPOLIS MN 55408 | JESTIN MILLER | RESIDENTIAL-TWO UNIT | $430,000 | 130 ft |
| 3248 HARRIET AVE MINNEAPOLIS MN 55408 | AMANDA NELL STORM | RESIDENTIAL | $547,000 | 141 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | S PAJUNEN/F OLSON-BORGERDING | CONDOMINIUM | $204,900 | 147 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | ASHLEY J WIESE | CONDOMINIUM | $191,400 | 147 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | IAN ALLEN | CONDOMINIUM | $205,900 | 147 ft |
| 3301 GARFIELD AVE MINNEAPOLIS MN 55408 | RICHARD FAIRBANKS | CONDOMINIUM | $205,900 | 147 ft |
Current Tax Year