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 2017 · $19K total declared value · Most recent: Jul 2022 (misc)
THE HOME DEPOT
Norse Valhalla Construction LLC
RONALD P FJERSTAD
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 1,697 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3149 15TH AVE S MINNEAPOLIS MN 55407 | ELBA VASQUEZ DE CISNEROS | RESIDENTIAL | $258,100 | 30 ft |
| 3143 15TH AVE S MINNEAPOLIS MN 55407 | BRIAN WILLIAMS | RESIDENTIAL | $329,900 | 30 ft |
| 3153 15TH AVE S MINNEAPOLIS MN 55407 | JANICE DAVIS | RESIDENTIAL | $188,000 | 60 ft |
| 3139 15TH AVE S MINNEAPOLIS MN 55407 | HOPE KASSUBE | RESIDENTIAL | $291,000 | 75 ft |
| 3159 15TH AVE S MINNEAPOLIS MN 55407 | DYLAN LINET | RESIDENTIAL | $283,500 | 105 ft |
| 3131 15TH AVE S MINNEAPOLIS MN 55407 | F C QUIZHPILEMA/M E J GRANDA | RESIDENTIAL | $241,300 | 130 ft |
| 3146 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ZACHARY JAMES KIEKOW | RESIDENTIAL-TWO UNIT | $283,300 | 137 ft |
| 3142 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JANA FJERKENSTAD | LOW INCOME RENTAL | $364,400 | 140 ft |
| 3148 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | VINCENT J MARANO | RESIDENTIAL | $105,000 | 147 ft |
| 3136 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MOHAMUD M NUR & H H MOHAMED | RESIDENTIAL | $352,200 | 161 ft |
Most Recent Sale
Current Tax Year