ParcelLens
Property Intelligence · Twin Cities
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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.
8 permits on record since 2018 · $5K total declared value · Most recent: Jan 2026 (misc)
Four Brothers Construction LLC
SODERLIN PLUMBING HEATING AND AIR
STEVEN H LACY
SODERLIN PLUMBING HEATING AND AIR
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 3,081 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3226 15TH AVE S MINNEAPOLIS MN 55407 | MARTA L KNUTSON | RESIDENTIAL | $314,900 | 45 ft |
| 3216 15TH AVE S MINNEAPOLIS MN 55407 | MARY SOUDER | CONDOMINIUM | $167,000 | 53 ft |
| 3216 15TH AVE S MINNEAPOLIS MN 55407 | STEPHANIE SCHMIDT | CONDOMINIUM | $170,000 | 53 ft |
| 3216 15TH AVE S MINNEAPOLIS MN 55407 | RSN DOUGLAS TRUST | CONDOMINIUM | $170,000 | 53 ft |
| 3216 15TH AVE S MINNEAPOLIS MN 55407 | SYLVIA THOMAS | CONDOMINIUM | $162,000 | 53 ft |
| MN | Unknown | — | — | 53 ft |
| 3230 15TH AVE S MINNEAPOLIS MN 55407 | JAINA PETROVICH | RESIDENTIAL | $294,300 | 85 ft |
| 3210 15TH AVE S MINNEAPOLIS MN 55407 | E STRASSER & B STRASSER | TRIPLEX | $501,400 | 113 ft |
| 3234 15TH AVE S MINNEAPOLIS MN 55407 | STEPHANIE K ABEL TRUST | RESIDENTIAL | $217,700 | 120 ft |
| 3223 14TH AVE S MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | APARTMENT | $1,050,000 | 139 ft |
Most Recent Sale
Current Tax Year