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 ↗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.
2 permits on record since 2022 · Most recent: Apr 2022 (res)
CenterPoint Energy Resource Corp
SODERLIN PLUMBING HEATING AND AIR
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 3,319 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3116 ELLIOT AVE MINNEAPOLIS MN 55407 | THOMAS A & JESSICA E MUELLER | RESIDENTIAL | $311,000 | 45 ft |
| 3126 ELLIOT AVE MINNEAPOLIS MN 55407 | ALVARO R HUINIL-DIAZ ET AL | RESIDENTIAL | $264,200 | 45 ft |
| 3112 ELLIOT AVE MINNEAPOLIS MN 55407 | WILLIAM ZORILLA | RESIDENTIAL-TWO UNIT | $403,400 | 85 ft |
| 3130 ELLIOT AVE MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 90 ft |
| 3108 ELLIOT AVE MINNEAPOLIS MN 55407 | ARIEL J PRAIRIE | TRIPLEX | $478,100 | 125 ft |
| 3121 CHICAGO AVE MINNEAPOLIS MN 55407 | BRILLIANT PROPERTIES LLC | RESIDENTIAL | $252,800 | 137 ft |
| 3132 ELLIOT AVE MINNEAPOLIS MN 55407 | RACHEL COMMERFORD | RESIDENTIAL-TWO UNIT | $480,900 | 140 ft |
| 3125 CHICAGO AVE MINNEAPOLIS MN 55407 | FREDY OJEDA | APARTMENT | $508,000 | 141 ft |
| 3117 CHICAGO AVE MINNEAPOLIS MN 55407 | R V A OCHOA & G M R ORDONEZ | RESIDENTIAL-TWO UNIT | $311,500 | 144 ft |
| 3129 CHICAGO AVE MINNEAPOLIS MN 55407 | BLAYN W J LEMKE | RESIDENTIAL-TWO UNIT | $461,100 | 156 ft |
Most Recent Sale
Current Tax Year