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 2025 · $19K total declared value · Most recent: Dec 2025 (roofwind)
THE HOME DEPOT
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 2,709 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3030 13TH AVE S MINNEAPOLIS MN 55407 | CYNTHIA ELNORA-JAIMI SALONE | LOW INCOME RENTAL | $153,000 | 42 ft |
| 3034 13TH AVE S MINNEAPOLIS MN 55407 | SEGUNDO D ZAMORA SIMBAINA | RESIDENTIAL-TWO UNIT | $276,000 | 84 ft |
| 3010 13TH AVE S MINNEAPOLIS MN 55407 | MPLS GOSPEL TABERNACLE | LAND-COMMERCIAL | $0 | 105 ft |
| 3027 12TH AVE S MINNEAPOLIS MN 55407 | JOY C OKWULEHIE | RESIDENTIAL-TWO UNIT | $279,800 | 137 ft |
| 3031 12TH AVE S MINNEAPOLIS MN 55407 | FRANK R SCHMIDT/A D SCHMIDT | RESIDENTIAL-TWO UNIT | $292,000 | 143 ft |
| 3023 12TH AVE S MINNEAPOLIS MN 55407 | PATRICIA J STUHLMAN | RESIDENTIAL-TWO UNIT | $308,500 | 145 ft |
| 3042 13TH AVE S MINNEAPOLIS MN 55407 | GERALDINE K HANSON | CONDOMINIUM | $85,000 | 147 ft |
| 3042 13TH AVE S MINNEAPOLIS MN 55407 | WESTON RENTAL LLC | CONDOMINIUM | $123,000 | 147 ft |
| 3042 13TH AVE S MINNEAPOLIS MN 55407 | MARIA J MOROCHO | CONDOMINIUM | $143,000 | 147 ft |
| 3042 13TH AVE S MINNEAPOLIS MN 55407 | WESTON RENTAL LLC | CONDOMINIUM | $143,000 | 147 ft |
Most Recent Sale
Current Tax Year