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 ↗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.
6 permits on record since 2017 · Most recent: Apr 2022 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Airic's Heating & Air Conditioning Inc
ED'S PLUMBING AND HEATING
Urban Pine Plumbing and Mechanical 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 sfr / adu benchmarks for 826 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3027 12TH AVE S MINNEAPOLIS MN 55407 | JOY C OKWULEHIE | RESIDENTIAL-TWO UNIT | $279,800 | 46 ft |
| 3031 12TH AVE S MINNEAPOLIS MN 55407 | FRANK R SCHMIDT/A D SCHMIDT | RESIDENTIAL-TWO UNIT | $292,000 | 88 ft |
| 3035 12TH AVE S MINNEAPOLIS MN 55407 | SHAWNA COX & COREY COX | RESIDENTIAL | $334,000 | 130 ft |
| 3026 13TH AVE S MINNEAPOLIS MN 55407 | STANLEY L RADTKE ET AL | APARTMENT | $586,000 | 145 ft |
| 3010 13TH AVE S MINNEAPOLIS MN 55407 | MPLS GOSPEL TABERNACLE | LAND-COMMERCIAL | $0 | 149 ft |
| 3030 13TH AVE S MINNEAPOLIS MN 55407 | CYNTHIA ELNORA-JAIMI SALONE | LOW INCOME RENTAL | $153,000 | 164 ft |
| 1201 LAKE ST E MINNEAPOLIS MN 55407 | BLUE HORN PROPERTIES LLC | COMMERCIAL-PREFERRED | $4,090,000 | 167 ft |
| 3039 12TH AVE S MINNEAPOLIS MN 55407 | J B BYERS & A D BYERS | RESIDENTIAL | $297,700 | 172 ft |
| 3020 12TH AVE S MINNEAPOLIS MN 55407 | LUL BROS PROPERTIES LLC | RESIDENTIAL | $402,400 | 189 ft |
| 3034 13TH AVE S MINNEAPOLIS MN 55407 | SEGUNDO D ZAMORA SIMBAINA | RESIDENTIAL-TWO UNIT | $276,000 | 190 ft |
Current Tax Year