On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2017 · Most recent: Jul 2025 (res)
MN Plumbing & Home Services INC
ST PAUL PLUMBING AND HEATING CO INC
Warners Stellian Co 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
Residential Mixed-Use 1 — low-density mixed 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 2,221 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3147 CHICAGO AVE MINNEAPOLIS MN 55407 | TERI L LIBERA | TOWNHOUSE | $210,800 | 30 ft |
| 3153 CHICAGO AVE MINNEAPOLIS MN 55407 | AREFLAND LLC | COMMERCIAL-PREFERRED | $104,500 | 38 ft |
| 3145 CHICAGO AVE MINNEAPOLIS MN 55407 | KAILASH E LUCAS-BARADAN ETAL | TOWNHOUSE | $238,600 | 53 ft |
| 3157 CHICAGO AVE MINNEAPOLIS MN 55407 | AREFLAND LLC | RESIDENTIAL-TWO UNIT | $671,000 | 79 ft |
| 3143 CHICAGO AVE MINNEAPOLIS MN 55407 | JEROME HAYWOOD/SANDRA GARCIA | TOWNHOUSE | $242,900 | 83 ft |
| 3137 CHICAGO AVE MINNEAPOLIS MN 55407 | METRO CONSORTM COMM DEVLPRS | COMMERCIAL-PREFERRED | $0 | 122 ft |
| 3148 ELLIOT AVE MINNEAPOLIS MN 55407 | J W DEVRIES JR & B I DEVRIES | RESIDENTIAL | $309,200 | 137 ft |
| 3152 ELLIOT AVE MINNEAPOLIS MN 55407 | WILLIAM E DOBBS JR ET AL | RESIDENTIAL | $321,000 | 142 ft |
| 3144 ELLIOT AVE MINNEAPOLIS MN 55407 | M P JOHNSON & I POPE | RESIDENTIAL | $449,900 | 143 ft |
| 3156 ELLIOT AVE MINNEAPOLIS MN 55407 | M TROUTMAN & A BLUMENSHINE | RESIDENTIAL-TWO UNIT | $392,700 | 158 ft |
Most Recent Sale
Current Tax Year