ParcelLens
Property Intelligence · Twin Cities
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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.
1 permit on record since 2024 · $14K total declared value · Most recent: Jul 2024 (roofwind)
Jose Silva
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
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 |
|---|---|---|---|---|
| 3029 CHICAGO AVE MINNEAPOLIS MN 55407 | DANIEL J ALBRIGHT | RESIDENTIAL-TWO UNIT | $420,100 | 42 ft |
| 3021 CHICAGO AVE MINNEAPOLIS MN 55407 | JUSTUS PROPERTIES LLC | TRIPLEX | $465,900 | 42 ft |
| 3033 CHICAGO AVE MINNEAPOLIS MN 55407 | A A P PAREDES/L J J PARADES | RESIDENTIAL-TWO UNIT | $351,400 | 84 ft |
| 3015 CHICAGO AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO REAL ESTATE LLC | COMMERCIAL-PREFERRED | $726,000 | 119 ft |
| 3037 CHICAGO AVE MINNEAPOLIS MN 55407 | MOUNT OLIVE LUTHERAN CHURCH | LAND-COMMERCIAL | $0 | 126 ft |
| 3024 ELLIOT AVE MINNEAPOLIS MN 55407 | MOONILAL RAGOONANAN TRUST | RESIDENTIAL-TWO UNIT | $276,100 | 137 ft |
| 3028 ELLIOT AVE MINNEAPOLIS MN 55407 | SEGUNDO B DUCHI | RESIDENTIAL-TWO UNIT | $444,700 | 143 ft |
| 3020 ELLIOT AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO REAL ESTATE LLC | VACANT LAND-RESIDENTIAL | $2,600 | 147 ft |
| 3016 ELLIOT AVE MINNEAPOLIS MN 55407 | LAKE CHICAGO REAL ESTATE LLC | LAND-COMMERCIAL | $90,500 | 148 ft |
| 3032 ELLIOT AVE MINNEAPOLIS MN 55407 | RICHARD A JACKSON | RESIDENTIAL | $256,200 | 161 ft |