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.
8 permits on record since 2019 · $50K total declared value · Most recent: Sep 2024 (remodel)
Ryan Toot
Binder Heating and Air Conditioning Inc
Gust Plumbing Inc
EGRESS WINDOW GUY
Elite Restoration Pro 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.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,523 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3212 ELLIOT AVE MINNEAPOLIS MN 55407 | L & Z ESTATES LLC | RESIDENTIAL-TWO UNIT | $331,600 | 40 ft |
| 3222 ELLIOT AVE MINNEAPOLIS MN 55407 | TRUE TRUST ASSOCIATES LLC | APARTMENT | $463,000 | 40 ft |
| 3224 ELLIOT AVE MINNEAPOLIS MN 55407 | DOUGLAS SWEET | RESIDENTIAL-TWO UNIT | $270,500 | 77 ft |
| 3208 ELLIOT AVE MINNEAPOLIS MN 55407 | REANEY ESTATES LLC | RESIDENTIAL-TWO UNIT | $296,300 | 80 ft |
| 3228 ELLIOT AVE MINNEAPOLIS MN 55407 | ANGEL M JIMENEZ QUINTANILLA | APARTMENT | $505,000 | 117 ft |
| 3204 ELLIOT AVE MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TRST | — | $250,400 | 120 ft |
| 3217 CHICAGO AVE MINNEAPOLIS MN 55407 | SARAH RORVICK | RESIDENTIAL | $233,900 | 136 ft |
| 3221 CHICAGO AVE MINNEAPOLIS MN 55407 | B LOKKESMOE & M AMUNDSEN | RESIDENTIAL | $228,700 | 141 ft |
| 3215 CHICAGO AVE MINNEAPOLIS MN 55407 | PAESE PROPERTIES LLC | APARTMENT | $451,000 | 142 ft |
| 3200 ELLIOT AVE MINNEAPOLIS MN 55407 | REBECCA A AYLESWORTH | RESIDENTIAL | $242,400 | 157 ft |
Most Recent Sale
Current Tax Year