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.
5 permits on record since 2018 · $24K total declared value · Most recent: Oct 2023 (misc)
BUILT STRONG EXTERIORS LLC
Water Heaters Now Inc
CenterPoint Energy Resource Corp
CUSTOM CHOICE INC
BONFES PLUMBING HEATING AND AIR SERVICE 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 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 2,538 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3321 15TH AVE S MINNEAPOLIS MN 55407 | M PC FLOOD & G PICK | RESIDENTIAL | $285,500 | 43 ft |
| 3325 15TH AVE S MINNEAPOLIS MN 55407 | C N TOMLINSON & A E ELLISON | APARTMENT | $525,000 | 45 ft |
| 3313 15TH AVE S MINNEAPOLIS MN 55407 | J D PEARSON & J G SCHMITT TR | RESIDENTIAL | $320,200 | 88 ft |
| 3331 15TH AVE S MINNEAPOLIS MN 55407 | C N TOMLINSON & A E ELLISON | RESIDENTIAL | $201,000 | 90 ft |
| 3311 15TH AVE S MINNEAPOLIS MN 55407 | RENOWN RENOVATIONS LLC | RESIDENTIAL | $161,300 | 125 ft |
| 3335 15TH AVE S MINNEAPOLIS MN 55407 | J A YOUNG-BURNS ET AL | RESIDENTIAL | $309,700 | 130 ft |
| 3320 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3312 GET IT DONE LLC | LOW INCOME RENTAL | $1,034,000 | 137 ft |
| 3324 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | KRISTIN REINITZ ET AL | RESIDENTIAL | $270,200 | 142 ft |
| 3307 15TH AVE S MINNEAPOLIS MN 55407 | RANDOLPH FRANCIS DE LA PENA | RESIDENTIAL | $166,100 | 155 ft |
| 3312 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3312 GET IT DONE LLC | LOW INCOME RENTAL | $1,054,000 | 157 ft |
Most Recent Sale
Current Tax Year