Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2022 · Most recent: Feb 2022 (res)
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 2,633 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3112 17TH AVE S MINNEAPOLIS MN 55407 | SHANNON E GIBNEY | RESIDENTIAL | $375,500 | 42 ft |
| 3104 17TH AVE S MINNEAPOLIS MN 55407 | C A PAGUAY/M OJEDA/R OJEDA | RESIDENTIAL-TWO UNIT | $359,700 | 42 ft |
| 3116 17TH AVE S MINNEAPOLIS MN 55407 | KEN TILLGES | RESIDENTIAL-TWO UNIT | $400,600 | 84 ft |
| 3100 17TH AVE S MINNEAPOLIS MN 55407 | NAJMA O MOHAMED | RESIDENTIAL | $392,800 | 87 ft |
| 1615 31ST ST E MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $203,500 | 95 ft |
| 1611 31ST ST E MINNEAPOLIS MN 55407 | SERA KOROGLU | RESIDENTIAL | $218,700 | 126 ft |
| 3120 17TH AVE S MINNEAPOLIS MN 55407 | PAUL E PETERSON ET AL | RESIDENTIAL | $228,600 | 126 ft |
| 3109 16TH AVE S MINNEAPOLIS MN 55407 | ROMONA R REYES | RESIDENTIAL | $273,800 | 136 ft |
| 3113 16TH AVE S MINNEAPOLIS MN 55407 | A C LINDBERG & V S LINDBERG | RESIDENTIAL | $226,900 | 142 ft |
| MN | Unknown | — | — | 142 ft |
Most Recent Sale
Current Tax Year