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 ↗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.
3 permits on record since 2019 · $30K total declared value · Most recent: Oct 2025 (misc)
Holmlund Masonry Inc
K Corporation Inc
Warners Stellian Co 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 3,747 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3324 PILLSBURY AVE MINNEAPOLIS MN 55408 | SCHOOL DIST NO 1 | LAND-COMMERCIAL | $0 | 33 ft |
| 3316 PILLSBURY AVE MINNEAPOLIS MN 55408 | BRIAN L BLACKARD | RESIDENTIAL-TWO UNIT | $380,500 | 40 ft |
| 3326 PILLSBURY AVE MINNEAPOLIS MN 55408 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 53 ft |
| 3312 PILLSBURY AVE MINNEAPOLIS MN 55408 | PUTNAM PROPERTIES LLC | APARTMENT | $1,796,000 | 96 ft |
| 3319 PLEASANT AVE MINNEAPOLIS MN 55408 | FORTRESS REALTY INC | APARTMENT | $2,212,000 | 187 ft |
| 209 33RD ST W MINNEAPOLIS MN 55408 | JEREMY A HEDGE | RESIDENTIAL-TWO UNIT | $404,700 | 200 ft |
| 205 33RD ST W MINNEAPOLIS MN 55408 | M J GIBSON & T K COWDERY | RESIDENTIAL | $401,500 | 202 ft |
| 215 33RD ST W MINNEAPOLIS MN 55408 | MICHAEL F SMUK | RESIDENTIAL-TWO UNIT | $342,800 | 206 ft |
| 201 33RD ST W MINNEAPOLIS MN 55408 | GREGORY P LEWIN | RESIDENTIAL | $316,400 | 210 ft |
| 3311 PLEASANT AVE MINNEAPOLIS MN 55408 | E A RUB & T J SEEMAN | RESIDENTIAL-TWO UNIT | $384,100 | 213 ft |
Most Recent Sale
Current Tax Year