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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
6 permits on record since 2018 · $21K total declared value · Most recent: Nov 2023 (misc)
Archcraft Exteriors LLC
MN Plumbing & Home Services INC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 3,092 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3303 14TH AVE S MINNEAPOLIS MN 55407 | LOIS MARTHA RHOMBERG | RESIDENTIAL-TWO UNIT | $280,200 | 38 ft |
| 3311 14TH AVE S MINNEAPOLIS MN 55407 | STEPHEN KARL DAHLEN | RESIDENTIAL | $246,700 | 46 ft |
| 3301 14TH AVE S MINNEAPOLIS MN 55407 | LOIS MARTHA RHOMBERG | RESIDENTIAL-TWO UNIT | $335,300 | 68 ft |
| 3317 14TH AVE S MINNEAPOLIS MN 55407 | RUSSELL P ADAMS | RESIDENTIAL-TWO UNIT | $274,800 | 88 ft |
| 3319 14TH AVE S MINNEAPOLIS MN 55407 | RICHARD DOYLE OLINGER | TRIPLEX | $459,800 | 134 ft |
| 3306 15TH AVE S MINNEAPOLIS MN 55407 | DANIEL J WITUCKI | RESIDENTIAL-TWO UNIT | $248,000 | 139 ft |
| 3310 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $242,400 | 141 ft |
| 3304 15TH AVE S MINNEAPOLIS MN 55407 | JAMES A LINNEBERG | RESIDENTIAL | $167,500 | 142 ft |
| 3300 15TH AVE S MINNEAPOLIS MN 55407 | J R BROCKWAY & B J BROCKWAY | RESIDENTIAL | $228,100 | 152 ft |
| 3312 15TH AVE S MINNEAPOLIS MN 55407 | PAUL E & KATHLEEN C HINCK | APARTMENT | $441,000 | 152 ft |
Most Recent Sale
Current Tax Year