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.
7 permits on record since 2018 · $59K total declared value · Most recent: May 2024 (existres)
Owens Companies Inc
CENTERPOINT ENERGY
Christopher J Kovanda
Metro Heating & Cooling LLC
NOWTHEN PLUMBING 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 sfr / adu benchmarks for 1,164 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1543 33RD ST E MINNEAPOLIS MN 55407 | B M PAREDES & KATIE PAREDES | RESIDENTIAL | $310,600 | 41 ft |
| 3308 16TH AVE S MINNEAPOLIS MN 55407 | BETH FOREST | RESIDENTIAL | $285,100 | 72 ft |
| 1537 33RD ST E MINNEAPOLIS MN 55407 | C P PRICE & A RINDFLEISCH | RESIDENTIAL | $287,100 | 81 ft |
| 3312 16TH AVE S MINNEAPOLIS MN 55407 | BETH FOREST | LOW INCOME RENTAL | $404,000 | 108 ft |
| 3254 16TH AVE S MINNEAPOLIS MN 55407 | MOLINA INVESTMENT GROUP LLC | RESIDENTIAL-TWO UNIT | $467,000 | 129 ft |
| 3305 16TH AVE S MINNEAPOLIS MN 55407 | SAMUEL BROOKS | RESIDENTIAL | $282,900 | 143 ft |
| 3301 16TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $279,400 | 143 ft |
| 3316 16TH AVE S MINNEAPOLIS MN 55407 | BRIAN JAMES HOLTEMEYER ET AL | RESIDENTIAL | $232,900 | 146 ft |
| 3309 16TH AVE S MINNEAPOLIS MN 55407 | M S ROWLES & T B ROWLES | RESIDENTIAL | $277,700 | 154 ft |
| 3248 16TH AVE S MINNEAPOLIS MN 55407 | BRANDON LARSON | RESIDENTIAL-TWO UNIT | $403,000 | 171 ft |
Most Recent Sale
Current Tax Year