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.
7 permits on record since 2018 · $25K total declared value · Most recent: Jun 2025 (existres)
Midland HVAC LLC
Bison Builders Inc
TURNKEY RESTORATION
Ray N Welter Heating Co
Urban Pine Plumbing and Mechanical 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 2,608 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3030 11TH AVE S MINNEAPOLIS MN 55407 | ANGELA WILLSON | RESIDENTIAL | $292,500 | 40 ft |
| 3040 11TH AVE S MINNEAPOLIS MN 55407 | ROBERT W ROHDE | RESIDENTIAL | $155,200 | 40 ft |
| 3026 11TH AVE S MINNEAPOLIS MN 55407 | MARY DOLAN | RESIDENTIAL-TWO UNIT | $294,400 | 80 ft |
| 3042 11TH AVE S MINNEAPOLIS MN 55407 | MARIO G P PULLUTASIG ET AL | RESIDENTIAL | $308,400 | 84 ft |
| 3024 11TH AVE S MINNEAPOLIS MN 55407 | DOUGLAS R LOHMAN | RESIDENTIAL | $269,900 | 125 ft |
| 3050 11TH AVE S MINNEAPOLIS MN 55407 | RICHARD CARLSON | RESIDENTIAL-TWO UNIT | $266,300 | 131 ft |
| 3033 10TH AVE S MINNEAPOLIS MN 55407 | MORGAN CHURCH | RESIDENTIAL-TWO UNIT | $273,600 | 138 ft |
| 3037 10TH AVE S MINNEAPOLIS MN 55407 | SANDRA WESTON | RESIDENTIAL | $198,000 | 144 ft |
| 3029 10TH AVE S MINNEAPOLIS MN 55407 | MORGAN W CHURCH | RESIDENTIAL-TWO UNIT | $350,900 | 145 ft |
| 3041 10TH AVE S MINNEAPOLIS MN 55407 | M G G GARCIA/N B GUIJARRO | RESIDENTIAL-TWO UNIT | $326,200 | 159 ft |
Most Recent Sale
Current Tax Year