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.
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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3221 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | BRAD M SCHAEPPI | RESIDENTIAL-TWO UNIT | $354,200 | 42 ft |
| 3215 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HEIDI KIM | RESIDENTIAL-TWO UNIT | $328,700 | 43 ft |
| 3225 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | B R NOY & M SCHAFER | RESIDENTIAL-TWO UNIT | $363,200 | 83 ft |
| 3205 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $550,000 | 98 ft |
| 3229 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CHOU KHANG & SU VANG | RESIDENTIAL | $249,900 | 125 ft |
| 3216 16TH AVE S MINNEAPOLIS MN 55407 | RYNE ANDERSON/ELIZABETH EBOT | RESIDENTIAL | $331,500 | 136 ft |
| 3206 16TH AVE S MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $18,000 | 136 ft |
| 3220 16TH AVE S MINNEAPOLIS MN 55407 | H LOVELACE & N GUROL | RESIDENTIAL-TWO UNIT | $474,600 | 142 ft |
| 3212 16TH AVE S MINNEAPOLIS MN 55407 | MADISON AVE HOMES LLC | RESIDENTIAL-TWO UNIT | $248,000 | 142 ft |
| 3224 16TH AVE S MINNEAPOLIS MN 55407 | MARY E CRIMI | RESIDENTIAL | $232,400 | 160 ft |