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 ↗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.
5 permits on record since 2018 · $8K total declared value · Most recent: Feb 2025 (res)
Hero Home Services LLC
Jonick Construction LLC
Erik Nelson Plumbing LLC
MN Plumbing & Home Services INC
CENTERPOINT ENERGY
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 3,822 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3237 PLEASANT AVE MINNEAPOLIS MN 55408 | TROY DREIER/MICHAEL FERRANTI | RESIDENTIAL | $355,300 | 42 ft |
| 3233 PLEASANT AVE MINNEAPOLIS MN 55408 | JOSHUA E BASSAIS | RESIDENTIAL | $310,000 | 84 ft |
| 3245 PLEASANT AVE MINNEAPOLIS MN 55408 | J L WALTERS & A MADER | RESIDENTIAL | $319,200 | 87 ft |
| 224 33RD ST W MINNEAPOLIS MN 55408 | STAR MANAGEMENT LLC | TRIPLEX | $667,900 | 93 ft |
| 228 33RD ST W MINNEAPOLIS MN 55408 | WEST EDGE INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $431,800 | 95 ft |
| 220 33RD ST W MINNEAPOLIS MN 55408 | 220 33RD ST W LLC | RESIDENTIAL-TWO UNIT | $621,800 | 107 ft |
| 3229 PLEASANT AVE MINNEAPOLIS MN 55408 | RICHARD R GIESE | RESIDENTIAL | $254,400 | 127 ft |
| 218 33RD ST W MINNEAPOLIS MN 55408 | N S RAASCH & J P RAASCH | RESIDENTIAL | $328,000 | 130 ft |
| 3255 PLEASANT AVE MINNEAPOLIS MN 55408 | M ADAMITIS & A B GUNDERSON | RESIDENTIAL | $261,100 | 137 ft |
| 214 33RD ST W MINNEAPOLIS MN 55408 | DEBRA B HAGER | RESIDENTIAL | $313,700 | 160 ft |
Most Recent Sale
Current Tax Year