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.
2 permits on record since 2020 · $22K total declared value · Most recent: May 2024 (misc)
Hail Experts Inc
CenterPoint Energy Resource Corp
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 2,961 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3311 15TH AVE S MINNEAPOLIS MN 55407 | RENOWN RENOVATIONS LLC | RESIDENTIAL | $161,300 | 38 ft |
| 3321 15TH AVE S MINNEAPOLIS MN 55407 | M PC FLOOD & G PICK | RESIDENTIAL | $285,500 | 45 ft |
| 3307 15TH AVE S MINNEAPOLIS MN 55407 | RANDOLPH FRANCIS DE LA PENA | RESIDENTIAL | $166,100 | 67 ft |
| 3323 15TH AVE S MINNEAPOLIS MN 55407 | C W ROACH & E G JOHNSON | RESIDENTIAL | $314,500 | 88 ft |
| 3303 15TH AVE S MINNEAPOLIS MN 55407 | MARGARET FLOOD | RESIDENTIAL | $221,700 | 98 ft |
| 3301 15TH AVE S MINNEAPOLIS MN 55407 | A G IACOVINO & B G ANDERSON | RESIDENTIAL | $220,900 | 128 ft |
| 3325 15TH AVE S MINNEAPOLIS MN 55407 | C N TOMLINSON & A E ELLISON | APARTMENT | $525,000 | 132 ft |
| 3312 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3312 GET IT DONE LLC | LOW INCOME RENTAL | $1,054,000 | 136 ft |
| 3306 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MARIA E LALA | RESIDENTIAL-TWO UNIT | $314,000 | 145 ft |
| 3320 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3312 GET IT DONE LLC | LOW INCOME RENTAL | $1,034,000 | 153 ft |
Most Recent Sale
Current Tax Year