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 ↗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 ↗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.
No permits found in Minneapolis open data for this parcel.
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 2,465 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3332 16TH AVE S MINNEAPOLIS MN 55407 | SHARON DILL | RESIDENTIAL | $267,200 | 40 ft |
| 3340 16TH AVE S MINNEAPOLIS MN 55407 | B W BEVIS & S C BEVIS | RESIDENTIAL-TWO UNIT | $439,300 | 40 ft |
| 3328 16TH AVE S MINNEAPOLIS MN 55407 | C D D GRADOS/M M A DE GRADOS | RESIDENTIAL | $395,100 | 80 ft |
| 3346 16TH AVE S MINNEAPOLIS MN 55407 | JSW PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $346,700 | 91 ft |
| 3326 16TH AVE S MINNEAPOLIS MN 55407 | P RUHLAND & T BETELAK | RESIDENTIAL | $336,000 | 120 ft |
| 3337 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | QUIET COVE LLC | RESIDENTIAL | $228,400 | 136 ft |
| 3333 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | KATHERINE GRUNDL | RESIDENTIAL | $290,500 | 142 ft |
| 3341 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MILTON R S YUQUILIMA ET AL | RESIDENTIAL-TWO UNIT | $466,300 | 143 ft |
| 3329 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | AARON KIDD & ELEN RHOADES | RESIDENTIAL | $236,700 | 158 ft |
| 3320 16TH AVE S MINNEAPOLIS MN 55407 | L ZARAGOZA & L W GOETZKE | RESIDENTIAL | $311,700 | 161 ft |
Most Recent Sale
Current Tax Year