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.
6 permits on record since 2019 · $57K total declared value · Most recent: Jul 2024 (misc)
Apple Exteriors
Apple Exteriors
McQuillan Bros Plumbing Heating & AC LLC
CenterPoint Energy Resource Corp
WINDOW CONCEPTS OF MINNESOTA 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 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 2,644 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3039 12TH AVE S MINNEAPOLIS MN 55407 | J B BYERS & A D BYERS | RESIDENTIAL | $297,700 | 42 ft |
| 3031 12TH AVE S MINNEAPOLIS MN 55407 | FRANK R SCHMIDT/A D SCHMIDT | RESIDENTIAL-TWO UNIT | $292,000 | 42 ft |
| 3041 12TH AVE S MINNEAPOLIS MN 55407 | E SCHMIDT & D THORSTEINSSON | RESIDENTIAL | $286,800 | 84 ft |
| 3027 12TH AVE S MINNEAPOLIS MN 55407 | JOY C OKWULEHIE | RESIDENTIAL-TWO UNIT | $279,800 | 84 ft |
| 3045 12TH AVE S MINNEAPOLIS MN 55407 | ELLEN L OVERAA | RESIDENTIAL | $303,700 | 126 ft |
| 3023 12TH AVE S MINNEAPOLIS MN 55407 | PATRICIA J STUHLMAN | RESIDENTIAL-TWO UNIT | $308,500 | 130 ft |
| 3034 13TH AVE S MINNEAPOLIS MN 55407 | SEGUNDO D ZAMORA SIMBAINA | RESIDENTIAL-TWO UNIT | $276,000 | 137 ft |
| 3030 13TH AVE S MINNEAPOLIS MN 55407 | CYNTHIA ELNORA-JAIMI SALONE | LOW INCOME RENTAL | $153,000 | 143 ft |
| 3042 13TH AVE S MINNEAPOLIS MN 55407 | GERALDINE K HANSON | CONDOMINIUM | $85,000 | 151 ft |
| 3042 13TH AVE S MINNEAPOLIS MN 55407 | WESTON RENTAL LLC | CONDOMINIUM | $123,000 | 151 ft |
Most Recent Sale
Current Tax Year