ParcelLens
Property Intelligence · Twin Cities
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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.
1 permit on record since 2025 · $16K total declared value · Most recent: Jul 2025 (roofwind)
PELLA NORTHLAND
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 8,621 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | CAITLIN FITZGERALD | CONDOMINIUM | $124,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | J HAMER-LIGHT & J RESSLER | CONDOMINIUM | $124,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | ROSARIO FAJARDO | CONDOMINIUM | $92,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | JOHN W PENTERMAN | CONDOMINIUM | $92,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | SPENCER D LEWIS | CONDOMINIUM | $116,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | KENT BURNS | CONDOMINIUM | $118,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | JORDYN LILLIAN THOMPSON | CONDOMINIUM | $125,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | MICHAEL WOLF | CONDOMINIUM | $92,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | THOMAS A MATOS | CONDOMINIUM | $92,000 | 0 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | JEANETTE VYHANEK | CONDOMINIUM | $125,000 | 0 ft |
Most Recent Sale
Current Tax Year