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.
No permits found in Minneapolis open data for this parcel.
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 2,749 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3021 ELLIOT AVE MINNEAPOLIS MN 55407 | LAVONNE M & MARLON GUERRA | RESIDENTIAL-TWO UNIT | $261,900 | 42 ft |
| 3025 ELLIOT AVE MINNEAPOLIS MN 55407 | AKSHAY PATIL | RESIDENTIAL | $282,100 | 84 ft |
| 3029 ELLIOT AVE MINNEAPOLIS MN 55407 | RICKY SHANGO & GINA M SHANGO | RESIDENTIAL | $215,300 | 126 ft |
| 919 LAKE ST E MINNEAPOLIS MN 55407 | FIRST BANK NATL ASSOC | COMMERCIAL-PREFERRED | $1,860,000 | 126 ft |
| 3020 10TH AVE S MINNEAPOLIS MN 55407 | HYB LLC | APARTMENT | $462,000 | 143 ft |
| 3024 10TH AVE S MINNEAPOLIS MN 55407 | R G BULTHUIS TRUSTEE | TRIPLEX | $398,900 | 164 ft |
| 3033 ELLIOT AVE MINNEAPOLIS MN 55407 | MORGAN F PALDRON | RESIDENTIAL | $288,900 | 168 ft |
| 3020 ELLIOT AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO REAL ESTATE LLC | VACANT LAND-RESIDENTIAL | $2,600 | 183 ft |
| 3028 10TH AVE S MINNEAPOLIS MN 55407 | M S NETERER & S E NETERER | RESIDENTIAL | $386,400 | 189 ft |
| 3012 ELLIOT AVE MINNEAPOLIS MN 55407 | SHREE RAM ENTERPRISES LLC | LAND-COMMERCIAL | $94,100 | 196 ft |
Current Tax Year