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.
No permits found in Minneapolis open data for this parcel.
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,863 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3050 11TH AVE S MINNEAPOLIS MN 55407 | RICHARD CARLSON | RESIDENTIAL-TWO UNIT | $266,300 | 46 ft |
| 3042 11TH AVE S MINNEAPOLIS MN 55407 | MARIO G P PULLUTASIG ET AL | RESIDENTIAL | $308,400 | 93 ft |
| 3100 11TH AVE S MINNEAPOLIS MN 55407 | NATHAN ROCKERSHOUSEN ET AL | RESIDENTIAL | $348,000 | 104 ft |
| 3040 11TH AVE S MINNEAPOLIS MN 55407 | ROBERT W ROHDE | RESIDENTIAL | $155,200 | 137 ft |
| 3049 10TH AVE S MINNEAPOLIS MN 55407 | GARY C & KARILYN K ALEXANDER | TRIPLEX | $366,400 | 139 ft |
| 3104 11TH AVE S MINNEAPOLIS MN 55407 | MICHELE SARAH ROCKNE | RESIDENTIAL | $195,000 | 143 ft |
| 3045 10TH AVE S MINNEAPOLIS MN 55407 | ARY KERMAN | RESIDENTIAL-TWO UNIT | $308,600 | 150 ft |
| 3041 10TH AVE S MINNEAPOLIS MN 55407 | M G G GARCIA/N B GUIJARRO | RESIDENTIAL-TWO UNIT | $326,200 | 170 ft |
| 1005 31ST ST E MINNEAPOLIS MN 55407 | SETH PRIME & SABRINA PRIME | RESIDENTIAL-TWO UNIT | $402,900 | 172 ft |
| 3036 11TH AVE S MINNEAPOLIS MN 55407 | JULIE JONG KOCH | RESIDENTIAL | $241,300 | 177 ft |
Most Recent Sale
Current Tax Year