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.
4 permits on record since 2022 · $19K total declared value · Most recent: Oct 2023 (misc)
BOLECHOWSKI CONSTRUCTION LLC
GLADSTONES WINDOW AND DOOR STORE
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 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 2,632 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3120 17TH AVE S MINNEAPOLIS MN 55407 | PAUL E PETERSON ET AL | RESIDENTIAL | $228,600 | 42 ft |
| 3112 17TH AVE S MINNEAPOLIS MN 55407 | SHANNON E GIBNEY | RESIDENTIAL | $375,500 | 42 ft |
| 3122 17TH AVE S MINNEAPOLIS MN 55407 | P ORLOPP & E SCHUFMAN | RESIDENTIAL | $279,200 | 84 ft |
| 3108 17TH AVE S MINNEAPOLIS MN 55407 | EUGENE NITESCU | TRIPLEX | $304,500 | 84 ft |
| 3128 17TH AVE S MINNEAPOLIS MN 55407 | BARBARA H DECKER REV TRUST | RESIDENTIAL-TWO UNIT | $446,700 | 126 ft |
| 3104 17TH AVE S MINNEAPOLIS MN 55407 | C A PAGUAY/M OJEDA/R OJEDA | RESIDENTIAL-TWO UNIT | $359,700 | 126 ft |
| 3117 16TH AVE S MINNEAPOLIS MN 55407 | LANCE J REDFIELD | RESIDENTIAL-TWO UNIT | $378,300 | 136 ft |
| 3121 16TH AVE S MINNEAPOLIS MN 55407 | SETH M/JEANETTE L PRINCE | RESIDENTIAL | $325,200 | 142 ft |
| 3113 16TH AVE S MINNEAPOLIS MN 55407 | A C LINDBERG & V S LINDBERG | RESIDENTIAL | $226,900 | 143 ft |
| 3109 16TH AVE S MINNEAPOLIS MN 55407 | ROMONA R REYES | RESIDENTIAL | $273,800 | 160 ft |
Most Recent Sale
Current Tax Year