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.
3 permits on record since 2019 · $10K total declared value · Most recent: Feb 2026 (misc)
MINNEAPOLIS PUBLIC HOUSING AUTHORITY
CenterPoint Energy Resource Corp
Action Construction Services
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3041 14TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $178,600 | 34 ft |
| 3047 14TH AVE S MINNEAPOLIS MN 55407 | AISHA UPTON AZZAM/A T AZZAM | RESIDENTIAL | $252,400 | 38 ft |
| 3039 14TH AVE S MINNEAPOLIS MN 55407 | KARLY R TURNER | RESIDENTIAL | $238,100 | 65 ft |
| 3053 14TH AVE S MINNEAPOLIS MN 55407 | VU PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $283,500 | 78 ft |
| 3033 14TH AVE S MINNEAPOLIS MN 55407 | MARY GARRITY | RESIDENTIAL | $199,800 | 110 ft |
| 3057 14TH AVE S MINNEAPOLIS MN 55407 | MN ASSIST COUNCIL/VETERANS | APARTMENT | $0 | 125 ft |
| 3042 15TH AVE S MINNEAPOLIS MN 55407 | SIBET RENOVATIONS LLC | RESIDENTIAL | $224,200 | 140 ft |
| 3046 15TH AVE S MINNEAPOLIS MN 55407 | F J GREICO/M HAYES-GREICO | RESIDENTIAL | $237,400 | 145 ft |
| 3036 15TH AVE S MINNEAPOLIS MN 55407 | MARIA LUISA CARPIO-CARPIO | RESIDENTIAL-TWO UNIT | $369,900 | 150 ft |
| 3050 15TH AVE S MINNEAPOLIS MN 55407 | CRISTIAN A PRADA TRUST | RESIDENTIAL | $188,100 | 158 ft |
Current Tax Year