Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2012 · $140K total declared value · Most recent: Apr 2022 (res)
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 2,517 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3024 12TH AVE S MINNEAPOLIS MN 55407 | JOSHUA C KROLL | RESIDENTIAL | $198,200 | 49 ft |
| 3016 12TH AVE S MINNEAPOLIS MN 55407 | OSMAN & LUL PROPERTIES LLC | RESIDENTIAL | $247,000 | 50 ft |
| 3028 12TH AVE S MINNEAPOLIS MN 55407 | J CRUZ & K BLUE | RESIDENTIAL | $184,400 | 89 ft |
| 3010 12TH AVE S MINNEAPOLIS MN 55407 | LUL PROPERTIES LLC | VACANT LAND-RESIDENTIAL | $32,000 | 96 ft |
| 3021 11TH AVE S MINNEAPOLIS MN 55407 | J SIELING/D S DITTBERNER | RESIDENTIAL-TWO UNIT | $412,900 | 128 ft |
| 3032 12TH AVE S MINNEAPOLIS MN 55407 | K K LENGLING & E N PORTER | RESIDENTIAL | $200,700 | 128 ft |
| 3019 11TH AVE S MINNEAPOLIS MN 55407 | 3019 11TH LLC | APARTMENT | $1,145,000 | 142 ft |
| 3025 11TH AVE S MINNEAPOLIS MN 55407 | N D POLICARD & H M DAVIS | RESIDENTIAL-TWO UNIT | $349,500 | 156 ft |
| 3036 12TH AVE S MINNEAPOLIS MN 55407 | ALVARO RIVERA | RESIDENTIAL | $258,900 | 168 ft |
| 3031 11TH AVE S MINNEAPOLIS MN 55407 | PAUL VAN DER WERF ET AL | TRIPLEX | $431,400 | 172 ft |
Most Recent Sale
Current Tax Year