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.
2 permits on record since 2017 · Most recent: Apr 2017 (res)
H2C Inc
H2C 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 1,755 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3146 15TH AVE S MINNEAPOLIS MN 55407 | HOME PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $260,500 | 30 ft |
| 3140 15TH AVE S MINNEAPOLIS MN 55407 | MARIA A HERNANDEZ | RESIDENTIAL-TWO UNIT | $279,500 | 35 ft |
| 3148 15TH AVE S MINNEAPOLIS MN 55407 | RICHARD L & ELAINE G PEARSON | LOW INCOME RENTAL | $233,900 | 60 ft |
| 3136 15TH AVE S MINNEAPOLIS MN 55407 | JEANNE R FERGUSON TRUST | RESIDENTIAL-TWO UNIT | $418,500 | 75 ft |
| 3130 15TH AVE S MINNEAPOLIS MN 55407 | RFC FIELDS LLC | RESIDENTIAL | $153,400 | 115 ft |
| 3154 15TH AVE S MINNEAPOLIS MN 55407 | ALEXEI SAFONOV/IRINA SAFONOV | TRIPLEX | $433,400 | 120 ft |
| 3145 14TH AVE S MINNEAPOLIS MN 55407 | D S SCHMIT/T A MILLER | RESIDENTIAL | $233,400 | 139 ft |
| 3141 14TH AVE S MINNEAPOLIS MN 55407 | V L AUMANN & C L WILLIS | RESIDENTIAL | $197,700 | 143 ft |
| 3147 14TH AVE S MINNEAPOLIS MN 55407 | JCJ INVESTMENTS LLC | LOW INCOME RENTAL | $437,000 | 148 ft |
| 3128 15TH AVE S MINNEAPOLIS MN 55407 | ALLISON HOLDHUSEN | RESIDENTIAL | $233,200 | 150 ft |
Most Recent Sale
Current Tax Year