1216 POWDERHORN TER MINNEAPOLIS MN 55407

PID: 0202824120237

Property Overview

Parcel ID0202824120237

Lot Size7,646 sq ft (0.176 ac)

Lot Dimensions (est.)66 ft wide × 117 ft deep

Year Built1917

Property ClassCONDOMINIUM

OwnerJANET M COURT

Assessed Value$80,600

Land Value$15,000

Building Value$65,600

Annual Tax$793

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

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 ↗

Potential programs

LIHTC 30% Basis BoostMedium

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,157/mo

Renter-occupied51.4%

Median home value$305K

Vacancy rate5.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 85

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width55 ft

Buildable depth78 ft

Area~4,260 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 4,260 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value
1216 POWDERHORN TER MINNEAPOLIS MN 55407	GEORGE B GRIFFITHS REV TR	CONDOMINIUM	$121,900
1216 POWDERHORN TER MINNEAPOLIS MN 55407	OLIVIA MCKEE	CONDOMINIUM	$76,800
1216 POWDERHORN TER MINNEAPOLIS MN 55407	CLAY L MANEVAL	CONDOMINIUM	$114,200
1216 POWDERHORN TER MINNEAPOLIS MN 55407	GWENDOLYN ANNE LAVELLE	CONDOMINIUM	$157,400
1216 POWDERHORN TER MINNEAPOLIS MN 55407	PETER METZDORFF	CONDOMINIUM	$110,400
1216 POWDERHORN TER MINNEAPOLIS MN 55407	SAIRA MONTES MOORE	CONDOMINIUM	$100,800
1216 POWDERHORN TER MINNEAPOLIS MN 55407	SAMUEL DENNIS SEEGERS	CONDOMINIUM	$76,800
1216 POWDERHORN TER MINNEAPOLIS MN 55407	MONTY LEE CLISH	CONDOMINIUM	$83,500
1216 POWDERHORN TER MINNEAPOLIS MN 55407	GENEVIEVE C HANSEN	CONDOMINIUM	$121,900
1216 POWDERHORN TER MINNEAPOLIS MN 55407	EMILY JOHNSON & EMILY BUTLER	CONDOMINIUM	$121,900

Property History

Most Recent Sale

Date200110

Price$12,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$793