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.
2 permits on record since 2018 · $26K total declared value · Most recent: Jul 2023 (roofwind)
ALL SONS EXTERIORS INC
WELLINGTON HOME IMPROVEMENT
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 5,138 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3024 10TH AVE S MINNEAPOLIS MN 55407 | R G BULTHUIS TRUSTEE | TRIPLEX | $398,900 | 55 ft |
| 3028 10TH AVE S MINNEAPOLIS MN 55407 | M S NETERER & S E NETERER | RESIDENTIAL | $386,400 | 97 ft |
| 3032 10TH AVE S MINNEAPOLIS MN 55407 | ALONDRA ESPEJEL | RESIDENTIAL | $246,900 | 139 ft |
| 3021 ELLIOT AVE MINNEAPOLIS MN 55407 | LAVONNE M & MARLON GUERRA | RESIDENTIAL-TWO UNIT | $261,900 | 141 ft |
| 3017 ELLIOT AVE MINNEAPOLIS MN 55407 | MARQUETTE BANK LAKE | LAND-COMMERCIAL | $95,400 | 143 ft |
| 3025 ELLIOT AVE MINNEAPOLIS MN 55407 | AKSHAY PATIL | RESIDENTIAL | $282,100 | 150 ft |
| 919 LAKE ST E MINNEAPOLIS MN 55407 | FIRST BANK NATL ASSOC | COMMERCIAL-PREFERRED | $1,860,000 | 154 ft |
| 3029 ELLIOT AVE MINNEAPOLIS MN 55407 | RICKY SHANGO & GINA M SHANGO | RESIDENTIAL | $215,300 | 170 ft |
| 3036 10TH AVE S MINNEAPOLIS MN 55407 | EMILY J KASTRUL | RESIDENTIAL | $226,000 | 181 ft |
| 3017 10TH AVE S MINNEAPOLIS MN 55407 | NORA MURPHY | RESIDENTIAL-TWO UNIT | $305,300 | 196 ft |
Most Recent Sale
Current Tax Year