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 ↗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.
9 permits on record since 2017 · $94K total declared value · Most recent: Apr 2018 (res)
CENTERPOINT ENERGY
CENTERPOINT ENERGY
Nybo Peterson Plumbing Co Inc
PREFERRED 1 CONSTRUCTION LLC
Super Heating and Cooling 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 2,514 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 20 33RD ST W MINNEAPOLIS MN 55408 | L E GONZALEZ ET AL | RESIDENTIAL-TWO UNIT | $355,600 | 36 ft |
| 14 33RD ST W MINNEAPOLIS MN 55408 | L M JOHNSON & B R JOHNSON | RESIDENTIAL | $236,800 | 53 ft |
| 3243 BLAISDELL AVE MINNEAPOLIS MN 55408 | SUSAN T POHL | RESIDENTIAL | $213,000 | 116 ft |
| 3245 BLAISDELL AVE MINNEAPOLIS MN 55408 | JACOB L VOSTERS | RESIDENTIAL | $352,100 | 116 ft |
| 3235 BLAISDELL AVE MINNEAPOLIS MN 55408 | JOHN W JARA | LOW INCOME RENTAL | $597,800 | 123 ft |
| 3239 BLAISDELL AVE MINNEAPOLIS MN 55408 | BOBBI JO B KRIEG | RESIDENTIAL | $281,400 | 126 ft |
| 3249 BLAISDELL AVE MINNEAPOLIS MN 55408 | MARILYN Y PELLETIER | RESIDENTIAL | $207,800 | 127 ft |
| 3236 NICOLLET AVE MINNEAPOLIS MN 55408 | LUIS GONZALO JARA | RESIDENTIAL-TWO UNIT | $272,300 | 138 ft |
| 3246 NICOLLET AVE MINNEAPOLIS MN 55408 | MSMB LLC | COMMERCIAL-PREFERRED | $356,000 | 139 ft |
| 3231 BLAISDELL AVE MINNEAPOLIS MN 55408 | A P WILHIDE & J BIEL | RESIDENTIAL | $349,300 | 165 ft |
Most Recent Sale
Current Tax Year