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 ↗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.
2 permits on record since 2001 · $250K total declared value · Most recent: Feb 2019 (existres)
Metro Heating & Cooling LLC
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 2,556 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3227 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $159,000 | 35 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | JOHN T MOORE | RESIDENTIAL | $90,200 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | KELSEY M BROWN | CONDOMINIUM | $90,200 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | SUSAN RITTERHOLZ | CONDOMINIUM | $91,200 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | JEROD D LOECK | CONDOMINIUM | $90,200 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | MARIA ISABEL CAMACHO MARRERO | CONDOMINIUM | $103,700 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | S KING & A L KING & C KING | CONDOMINIUM | $104,600 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | LUCIA VAN DIEPEN | CONDOMINIUM | $107,500 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | CARA A MCDONALD | CONDOMINIUM | $107,500 | 55 ft |
| 3237 15TH AVE S MINNEAPOLIS MN 55407 | LUKE M ZENKER | CONDOMINIUM | $104,600 | 55 ft |
Most Recent Sale
Current Tax Year