ParcelLens
Property Intelligence · Twin Cities
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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 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 ↗Signals are based on public datasets; program eligibility requires verification.
8 permits on record since 2007 · $245K total declared value · Most recent: Oct 2024 (misc)
Close To Home Construction LLC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Tile MSP LLC
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 2,506 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3035 11TH AVE S MINNEAPOLIS MN 55407 | A CARLSON & D C CARLSON | RESIDENTIAL | $274,500 | 40 ft |
| 3025 11TH AVE S MINNEAPOLIS MN 55407 | N D POLICARD & H M DAVIS | RESIDENTIAL-TWO UNIT | $349,500 | 40 ft |
| 3039 11TH AVE S MINNEAPOLIS MN 55407 | E L LORENZ & R A LORENZ | RESIDENTIAL | $257,800 | 80 ft |
| 3021 11TH AVE S MINNEAPOLIS MN 55407 | J SIELING/D S DITTBERNER | RESIDENTIAL-TWO UNIT | $412,900 | 87 ft |
| 3041 11TH AVE S MINNEAPOLIS MN 55407 | M K BROOKE & R D KINSELL | RESIDENTIAL | $199,700 | 120 ft |
| 3028 12TH AVE S MINNEAPOLIS MN 55407 | J CRUZ & K BLUE | RESIDENTIAL | $184,400 | 135 ft |
| 3024 12TH AVE S MINNEAPOLIS MN 55407 | JOSHUA C KROLL | RESIDENTIAL | $198,200 | 141 ft |
| 3032 12TH AVE S MINNEAPOLIS MN 55407 | K K LENGLING & E N PORTER | RESIDENTIAL | $200,700 | 141 ft |
| 3019 11TH AVE S MINNEAPOLIS MN 55407 | 3019 11TH LLC | APARTMENT | $1,145,000 | 149 ft |
| 3036 12TH AVE S MINNEAPOLIS MN 55407 | ALVARO RIVERA | RESIDENTIAL | $258,900 | 158 ft |
Most Recent Sale
Current Tax Year