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.
1 permit on record since 2025 · $5K total declared value · Most recent: Sep 2025 (remodel)
Micah Ostergard
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 sfr / adu benchmarks for 613 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1410 33RD ST E MINNEAPOLIS MN 55407 | EVE SCHULTE & SAMUEL FEIPEL | RESIDENTIAL | $228,200 | 51 ft |
| 3254 15TH AVE S MINNEAPOLIS MN 55407 | SETH PRIME & SABRINA PRIME | APARTMENT | $521,000 | 64 ft |
| 3250 15TH AVE S MINNEAPOLIS MN 55407 | HEIDI M EHALT | RESIDENTIAL-TWO UNIT | $357,300 | 66 ft |
| 3248 15TH AVE S MINNEAPOLIS MN 55407 | A VARGHESE & M E MAC | TRIPLEX | $543,000 | 104 ft |
| 3251 14TH AVE S MINNEAPOLIS MN 55407 | POWDERHORN X LLC | APARTMENT | $1,050,000 | 114 ft |
| 3255 14TH AVE S MINNEAPOLIS MN 55407 | TIMOTHY SPRINGER | APARTMENT | $521,000 | 115 ft |
| 3300 15TH AVE S MINNEAPOLIS MN 55407 | J R BROCKWAY & B J BROCKWAY | RESIDENTIAL | $228,100 | 119 ft |
| 3301 14TH AVE S MINNEAPOLIS MN 55407 | LOIS MARTHA RHOMBERG | RESIDENTIAL-TWO UNIT | $335,300 | 141 ft |
| 3242 15TH AVE S MINNEAPOLIS MN 55407 | RICHARD D MCCHESNEY JR | RESIDENTIAL | $224,700 | 146 ft |
| 3304 15TH AVE S MINNEAPOLIS MN 55407 | JAMES A LINNEBERG | RESIDENTIAL | $167,500 | 150 ft |
Most Recent Sale
Current Tax Year