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.
4 permits on record since 2020 · Most recent: Feb 2020 (res)
CenterPoint Energy Resource Corp
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 4,400 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3216 15TH AVE S MINNEAPOLIS MN 55407 | MARY SOUDER | CONDOMINIUM | $167,000 | 0 ft |
| 3216 15TH AVE S MINNEAPOLIS MN 55407 | RSN DOUGLAS TRUST | CONDOMINIUM | $170,000 | 0 ft |
| 3216 15TH AVE S MINNEAPOLIS MN 55407 | SYLVIA THOMAS | CONDOMINIUM | $162,000 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 3222 15TH AVE S MINNEAPOLIS MN 55407 | STEVEN HENRY LACY | TRIPLEX | $468,900 | 53 ft |
| 3210 15TH AVE S MINNEAPOLIS MN 55407 | E STRASSER & B STRASSER | TRIPLEX | $501,400 | 61 ft |
| 3226 15TH AVE S MINNEAPOLIS MN 55407 | MARTA L KNUTSON | RESIDENTIAL | $314,900 | 98 ft |
| 3206 15TH AVE S MINNEAPOLIS MN 55407 | JOHN PETER EVEREST | RESIDENTIAL-TWO UNIT | $375,800 | 113 ft |
| 3230 15TH AVE S MINNEAPOLIS MN 55407 | JAINA PETROVICH | RESIDENTIAL | $294,300 | 138 ft |
| 3217 14TH AVE S MINNEAPOLIS MN 55407 | PETER J SPILDE | APARTMENT | $586,000 | 140 ft |
Most Recent Sale
Current Tax Year