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.
5 permits on record since 2020 · $35K total declared value · Most recent: Apr 2026 (misc)
Josiah Waderich
PELLA NORTHLAND
Josiah Waderich
KAUFMAN SHEET METAL ROOFING INC
KAUFMAN SHEET METAL ROOFING INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Powderhorn Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 85
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Urban Neighborhood 3 — medium-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 2,636 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3117 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MATTHEW & AMBER LOVELACE | RESIDENTIAL | $377,900 | 42 ft |
| 3125 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ROBERT ARNDT | RESIDENTIAL | $543,000 | 42 ft |
| 3113 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ESSO PROPERTIES LLC | LOW INCOME RENTAL | $268,100 | 84 ft |
| 3129 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MERINDA DAWN ARCOREN | RESIDENTIAL | $382,000 | 84 ft |
| 3109 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HELLEN FERGUSON | RESIDENTIAL | $204,300 | 126 ft |
| 3133 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ABDULIANI ABDIKARIM MOALIM | APARTMENT | $437,000 | 126 ft |
| 3120 16TH AVE S MINNEAPOLIS MN 55407 | T M RICHIE & D J RICHIE | RESIDENTIAL | $237,100 | 136 ft |
| 3126 16TH AVE S MINNEAPOLIS MN 55407 | PRINCEWORKS LLC | RESIDENTIAL-TWO UNIT | $137,100 | 142 ft |
| 3116 16TH AVE S MINNEAPOLIS MN 55407 | K M JOHNSON & T H JOHNSON | RESIDENTIAL | $271,000 | 142 ft |
| 3128 16TH AVE S MINNEAPOLIS MN 55407 | DUQUEIRO DE JS CANO | RESIDENTIAL-TWO UNIT | $272,000 | 160 ft |
Most Recent Sale
Current Tax Year