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 ↗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 ↗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.
4 permits on record since 2023 · Most recent: Jan 2023 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 1086
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 2,292 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3031 18TH AVE S MINNEAPOLIS MN 55407 | JACK ALLAN KABRUD | RESIDENTIAL | $281,100 | 37 ft |
| 3037 18TH AVE S MINNEAPOLIS MN 55407 | OMAR B ORBE ROJAS | RESIDENTIAL | $321,600 | 38 ft |
| 3041 18TH AVE S MINNEAPOLIS MN 55407 | H G VALTIERREZ & R G GOMEZ | RESIDENTIAL-TWO UNIT | $293,400 | 75 ft |
| 3029 18TH AVE S MINNEAPOLIS MN 55407 | UCOZYHOME LLC | RESIDENTIAL-TWO UNIT | $262,100 | 78 ft |
| 3023 18TH AVE S MINNEAPOLIS MN 55407 | MOHAMUD OSMAN YAHYA | RESIDENTIAL | $433,700 | 123 ft |
| 1806 31ST ST E MINNEAPOLIS MN 55407 | MATTHEW STANOCH | RESIDENTIAL | $224,300 | 132 ft |
| 3032 CEDAR AVE S MINNEAPOLIS MN 55407 | CEDRIC THOMPSON | TRIPLEX | $442,500 | 135 ft |
| 1800 31ST ST E MINNEAPOLIS MN 55407 | DAVID BASSEKLE | RESIDENTIAL | $154,600 | 136 ft |
| 3030 CEDAR AVE S MINNEAPOLIS MN 55407 | JIMMY LEE WHITEHEAD ET AL | RESIDENTIAL-TWO UNIT | $312,200 | 140 ft |
| 3036 CEDAR AVE S MINNEAPOLIS MN 55407 | THOMAS EDWARD SCHMIDT | RESIDENTIAL | $209,800 | 140 ft |
Most Recent Sale
Current Tax Year