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.
6 permits on record since 2017 · $8K total declared value · Most recent: Jan 2026 (commfdrr)
Associated Mechanical Contractors Inc
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Erickson Plumbing Heating Cooling 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 small multifamily (2–4 units, wood frame) benchmarks for 3,591 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3204 16TH AVE S MINNEAPOLIS MN 55407 | RACHEL N SAMPONG | RESIDENTIAL | $356,900 | 67 ft |
| 3206 16TH AVE S MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $18,000 | 76 ft |
| 3212 16TH AVE S MINNEAPOLIS MN 55407 | MADISON AVE HOMES LLC | RESIDENTIAL-TWO UNIT | $248,000 | 119 ft |
| 3201 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $427,800 | 131 ft |
| 1536 32ND ST E MINNEAPOLIS MN 55407 | KYLE L BOYES | RESIDENTIAL | $268,200 | 136 ft |
| 3205 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $550,000 | 149 ft |
| 1601 32ND ST E MINNEAPOLIS MN 55407 | MADISON AVE HOMES LLC | RESIDENTIAL | $323,000 | 158 ft |
| 3148 16TH AVE S MINNEAPOLIS MN 55407 | ANNA M REVOLINSKI | RESIDENTIAL | $438,700 | 161 ft |
| 3216 16TH AVE S MINNEAPOLIS MN 55407 | RYNE ANDERSON/ELIZABETH EBOT | RESIDENTIAL | $331,500 | 161 ft |
| 3215 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HEIDI KIM | RESIDENTIAL-TWO UNIT | $328,700 | 178 ft |
Current Tax Year