Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2024 · $27K total declared value · Most recent: Apr 2024 (misc)
Lenz Construction
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 3,946 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3220 PILLSBURY AVE MINNEAPOLIS MN 55408 | NICHOLAS J CRONIN | RESIDENTIAL-TWO UNIT | $468,800 | 42 ft |
| 3212 PILLSBURY AVE MINNEAPOLIS MN 55408 | KYLE LAMETTI | RESIDENTIAL-TWO UNIT | $552,300 | 42 ft |
| 3224 PILLSBURY AVE MINNEAPOLIS MN 55408 | P F BRETL & J R BRETL | RESIDENTIAL | $398,800 | 83 ft |
| 3206 PILLSBURY AVE MINNEAPOLIS MN 55408 | KYLE LAMETTI | RESIDENTIAL-TWO UNIT | $542,700 | 83 ft |
| 3228 PILLSBURY AVE MINNEAPOLIS MN 55408 | TRUMAN L EMMINGS | RESIDENTIAL | $356,000 | 125 ft |
| 209 32ND ST W MINNEAPOLIS MN 55408 | SADIA NOOR | RESIDENTIAL | $408,000 | 146 ft |
| 3200 PILLSBURY AVE MINNEAPOLIS MN 55408 | M A PAUL & L J WARREN-PAUL | RESIDENTIAL | $303,100 | 154 ft |
| 211 32ND ST W MINNEAPOLIS MN 55408 | ELELSI LLC | RESIDENTIAL | $147,700 | 158 ft |
| 3232 PILLSBURY AVE MINNEAPOLIS MN 55408 | THELMA B LEWIS | RESIDENTIAL-TWO UNIT | $434,100 | 168 ft |
| 3217 PLEASANT AVE MINNEAPOLIS MN 55408 | MARIA LOERA | RESIDENTIAL-TWO UNIT | $436,800 | 185 ft |
Most Recent Sale
Current Tax Year