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 ↗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 ↗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 2024 · $37K total declared value · Most recent: Aug 2024 (remodel)
SERVPRO OF MINNETONKA
ASHCO EXTERIORS 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
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 2,605 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3105 ELLIOT AVE MINNEAPOLIS MN 55407 | JESSICA LOPEZ LYMAN | RESIDENTIAL-TWO UNIT | $358,000 | 40 ft |
| 3115 ELLIOT AVE MINNEAPOLIS MN 55407 | SHU PING TEOH/KHAI HONG LIM | RESIDENTIAL-TWO UNIT | $285,600 | 50 ft |
| 3101 ELLIOT AVE MINNEAPOLIS MN 55407 | M RANDALL & L WININGER | RESIDENTIAL | $351,800 | 81 ft |
| 3121 ELLIOT AVE MINNEAPOLIS MN 55407 | LAURA L BALDWIN | RESIDENTIAL | $422,400 | 110 ft |
| 3108 10TH AVE S MINNEAPOLIS MN 55407 | L O PAUCAR & D E S LLANGARI | RESIDENTIAL | $331,500 | 140 ft |
| 3104 10TH AVE S MINNEAPOLIS MN 55407 | S S BERTILSON/C L BERTILSON | RESIDENTIAL | $254,000 | 146 ft |
| 3112 10TH AVE S MINNEAPOLIS MN 55407 | E MORGAN THORSON | RESIDENTIAL | $297,100 | 146 ft |
| 3125 ELLIOT AVE MINNEAPOLIS MN 55407 | SAS INVESTMENT PROP LLC | RESIDENTIAL | $220,900 | 160 ft |
| 3116 10TH AVE S MINNEAPOLIS MN 55407 | DAVID B CROSS | RESIDENTIAL | $351,100 | 162 ft |
| 3100 10TH AVE S MINNEAPOLIS MN 55407 | 3100 10TH AVENUE LLC | APARTMENT | $438,000 | 162 ft |
Most Recent Sale
Current Tax Year