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.
2 permits on record since 2023 · $55K total declared value · Most recent: Aug 2023 (unitcon)
BKMC
BRIAN KALLIOINEN
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 2,321 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 228 33RD ST W MINNEAPOLIS MN 55408 | WEST EDGE INVESTMENTS LLC | RESIDENTIAL-TWO UNIT | $431,800 | 39 ft |
| 220 33RD ST W MINNEAPOLIS MN 55408 | 220 33RD ST W LLC | RESIDENTIAL-TWO UNIT | $621,800 | 39 ft |
| 218 33RD ST W MINNEAPOLIS MN 55408 | N S RAASCH & J P RAASCH | RESIDENTIAL | $328,000 | 77 ft |
| 3255 PLEASANT AVE MINNEAPOLIS MN 55408 | M ADAMITIS & A B GUNDERSON | RESIDENTIAL | $261,100 | 83 ft |
| 3245 PLEASANT AVE MINNEAPOLIS MN 55408 | J L WALTERS & A MADER | RESIDENTIAL | $319,200 | 84 ft |
| 3241 PLEASANT AVE MINNEAPOLIS MN 55408 | JENNA LYNN WALTERS | RESIDENTIAL | $345,700 | 93 ft |
| 214 33RD ST W MINNEAPOLIS MN 55408 | DEBRA B HAGER | RESIDENTIAL | $313,700 | 116 ft |
| 3237 PLEASANT AVE MINNEAPOLIS MN 55408 | TROY DREIER/MICHAEL FERRANTI | RESIDENTIAL | $355,300 | 135 ft |
| 210 33RD ST W MINNEAPOLIS MN 55408 | D R KOTCHER HANCE & J HANCE | RESIDENTIAL | $403,600 | 156 ft |
| 227 33RD ST W MINNEAPOLIS MN 55408 | TIMOTHY M RODEWALD-JONES | RESIDENTIAL | $191,800 | 175 ft |
Most Recent Sale
Current Tax Year