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.
No permits found in Minneapolis open data for this parcel.
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 3,480 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3111 12TH AVE S MINNEAPOLIS MN 55407 | RTNE INC | TRIPLEX | $582,600 | 44 ft |
| 3101 12TH AVE S MINNEAPOLIS MN 55407 | RTNE INC | APARTMENT | $934,000 | 53 ft |
| 1212 POWDERHORN TER MINNEAPOLIS MN 55407 | POWDERHORN TERRACE WEST LLC | LOW INCOME RENTAL | $1,876,000 | 135 ft |
| 3108 13TH AVE S MINNEAPOLIS MN 55407 | CUONG PHAM | RESIDENTIAL | $272,400 | 136 ft |
| 3104 13TH AVE S MINNEAPOLIS MN 55407 | ERIC HOLMBOE | APARTMENT | $277,100 | 138 ft |
| 1200 POWDERHORN TER MINNEAPOLIS MN 55407 | HARRIS REVOCABLE TRUST | TRIPLEX | $475,000 | 140 ft |
| 3112 13TH AVE S MINNEAPOLIS MN 55407 | HUAKUN HU | RESIDENTIAL | $304,000 | 143 ft |
| 3100 13TH AVE S MINNEAPOLIS MN 55407 | EMILY SCHMIDT | RESIDENTIAL | $286,000 | 149 ft |
| 3049 12TH AVE S MINNEAPOLIS MN 55407 | DEBORAH K ANDRESEN | RESIDENTIAL | $142,600 | 160 ft |
| 1216 POWDERHORN TER MINNEAPOLIS MN 55407 | GEORGE B GRIFFITHS REV TR | CONDOMINIUM | $121,900 | 167 ft |
Most Recent Sale
Current Tax Year