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: May 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.
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3107 12TH AVE S MINNEAPOLIS MN 55407 | RTNE INC | APARTMENT | $933,000 | 44 ft |
| 1212 POWDERHORN TER MINNEAPOLIS MN 55407 | POWDERHORN TERRACE WEST LLC | LOW INCOME RENTAL | $1,876,000 | 92 ft |
| 3101 12TH AVE S MINNEAPOLIS MN 55407 | RTNE INC | APARTMENT | $934,000 | 96 ft |
| 1200 POWDERHORN TER MINNEAPOLIS MN 55407 | HARRIS REVOCABLE TRUST | TRIPLEX | $475,000 | 99 ft |
| 1216 POWDERHORN TER MINNEAPOLIS MN 55407 | GEORGE B GRIFFITHS REV TR | CONDOMINIUM | $121,900 | 135 ft |
| 1216 POWDERHORN TER MINNEAPOLIS MN 55407 | JANET M COURT | CONDOMINIUM | $80,600 | 135 ft |
| 1216 POWDERHORN TER MINNEAPOLIS MN 55407 | OLIVIA MCKEE | CONDOMINIUM | $76,800 | 135 ft |
| 1216 POWDERHORN TER MINNEAPOLIS MN 55407 | CLAY L MANEVAL | CONDOMINIUM | $114,200 | 135 ft |
| 1216 POWDERHORN TER MINNEAPOLIS MN 55407 | GWENDOLYN ANNE LAVELLE | CONDOMINIUM | $157,400 | 135 ft |
| 1216 POWDERHORN TER MINNEAPOLIS MN 55407 | PETER METZDORFF | CONDOMINIUM | $110,400 | 135 ft |
Most Recent Sale
Current Tax Year