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 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 ↗Signals are based on public datasets; program eligibility requires verification.
10 permits on record since 2017 · $72K total declared value · Most recent: Mar 2025 (remodel)
SHELTER CONSTRUCTION LLC
Minnesota Rusco Inc
SHELTER CONSTRUCTION LLC
WOODLAND STOVES & FIREPLACES
Minnesota Rusco 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 3 — medium-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 2,516 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3330 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | A J VARGO & A D BARTELSON | RESIDENTIAL | $268,100 | 40 ft |
| 3338 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | GENARO MARCATOMA | RESIDENTIAL | $189,900 | 40 ft |
| 3342 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JED KRISTIAN CARL ANDERSON | RESIDENTIAL | $301,200 | 80 ft |
| 3324 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | KRISTIN REINITZ ET AL | RESIDENTIAL | $270,200 | 89 ft |
| 3346 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | BETH FOREST | RESIDENTIAL | $201,500 | 119 ft |
| 3335 15TH AVE S MINNEAPOLIS MN 55407 | J A YOUNG-BURNS ET AL | RESIDENTIAL | $309,700 | 136 ft |
| 3339 15TH AVE S MINNEAPOLIS MN 55407 | W A PARK & P L PARK | RESIDENTIAL | $344,100 | 142 ft |
| 3331 15TH AVE S MINNEAPOLIS MN 55407 | C N TOMLINSON & A E ELLISON | RESIDENTIAL | $201,000 | 142 ft |
| 3320 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3312 GET IT DONE LLC | LOW INCOME RENTAL | $1,034,000 | 149 ft |
| 3343 15TH AVE S MINNEAPOLIS MN 55407 | SEMMENS PROPERTIES LLC | APARTMENT | $514,000 | 157 ft |
Most Recent Sale
Current Tax Year