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.
2 permits on record since 2019 · Most recent: Sep 2020 (res)
Centraire Heating & Air Conditioning LLC
Centraire Heating & Air Conditioning LLC
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3229 ELLIOT AVE MINNEAPOLIS MN 55407 | DARIUS GRAY | RESIDENTIAL-TWO UNIT | $288,800 | 40 ft |
| 3221 ELLIOT AVE MINNEAPOLIS MN 55407 | K LOCONTO & T HARMON | RESIDENTIAL | $262,700 | 40 ft |
| 3231 ELLIOT AVE MINNEAPOLIS MN 55407 | ALLIANCE HOUSING INC | LOW INCOME RENTAL | $323,200 | 80 ft |
| 3217 ELLIOT AVE MINNEAPOLIS MN 55407 | NANCY CECILIA SOTAMBA | RESIDENTIAL-TWO UNIT | $314,700 | 80 ft |
| 3237 ELLIOT AVE MINNEAPOLIS MN 55407 | S A MOHAMED & A MOHAMED | RESIDENTIAL | $397,800 | 120 ft |
| 3215 ELLIOT AVE MINNEAPOLIS MN 55407 | KEVIN JONES | RESIDENTIAL-TWO UNIT | $285,400 | 120 ft |
| 3224 10TH AVE S MINNEAPOLIS MN 55407 | JANET BINDER | RESIDENTIAL | $318,900 | 139 ft |
| 3220 10TH AVE S MINNEAPOLIS MN 55407 | DAVID & BARBARA TILSEN FM TR | RESIDENTIAL-TWO UNIT | $341,200 | 144 ft |
| 3228 10TH AVE S MINNEAPOLIS MN 55407 | M B FREEMAN & M A BERNHARDT | RESIDENTIAL-TWO UNIT | $305,100 | 145 ft |
| 3216 10TH AVE S MINNEAPOLIS MN 55407 | TERESA HICHENS-OLSON ET AL | RESIDENTIAL-TWO UNIT | $294,200 | 160 ft |
Current Tax Year