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.
4 permits on record since 2021 · $8K total declared value · Most recent: Apr 2024 (misc)
NEW TOWN EXTERIORS LLC
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Barnes Plumbing 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
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 2,560 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3327 ELLIOT AVE MINNEAPOLIS MN 55407 | ALLIANCE HOUSING INC | LOW INCOME RENTAL | $292,000 | 40 ft |
| 3321 ELLIOT AVE MINNEAPOLIS MN 55407 | SHELLEY K MATTSON | RESIDENTIAL-TWO UNIT | $248,900 | 40 ft |
| 3317 ELLIOT AVE MINNEAPOLIS MN 55407 | WAYNE V SWANSON | RESIDENTIAL-TWO UNIT | $243,500 | 80 ft |
| 3315 ELLIOT AVE MINNEAPOLIS MN 55407 | LEWIS DEES & JENNIFER TILSEN | RESIDENTIAL-TWO UNIT | $293,000 | 119 ft |
| 3324 10TH AVE S MINNEAPOLIS MN 55407 | KEYUR DESAI | CONDOMINIUM | $128,000 | 140 ft |
| 3324 10TH AVE S MINNEAPOLIS MN 55407 | KACIE R LARSON | CONDOMINIUM | $128,000 | 140 ft |
| 3324 10TH AVE S MINNEAPOLIS MN 55407 | ROBERT D OBERTO III | CONDOMINIUM | $129,000 | 140 ft |
| 3324 10TH AVE S MINNEAPOLIS MN 55407 | KAREN V PAURUS | CONDOMINIUM | $121,000 | 140 ft |
| 3324 10TH AVE S MINNEAPOLIS MN 55407 | KAREN V PAURUS | CONDO GARAGE/MISCELLANEOUS | $5,500 | 140 ft |
| 3324 10TH AVE S MINNEAPOLIS MN 55407 | ROBERT D OBERTO III | CONDO GARAGE/MISCELLANEOUS | $5,500 | 140 ft |
Most Recent Sale
Current Tax Year