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 2017 · $15K total declared value · Most recent: Oct 2024 (misc)
R & R Roofing INC
Ray N Welter Heating Co
Ryan Plumbing And Heating Co
THE WINDOW STORE 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 2,467 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3414 ELLIOT AVE MINNEAPOLIS MN 55407 | VALENTINA MEJIA ET AL | RESIDENTIAL-TWO UNIT | $307,700 | 40 ft |
| 3422 ELLIOT AVE MINNEAPOLIS MN 55407 | PAULA W MEDLOCK | RESIDENTIAL | $304,200 | 40 ft |
| 3410 ELLIOT AVE MINNEAPOLIS MN 55407 | AMY MILLER & DARIN CARR | RESIDENTIAL | $333,800 | 80 ft |
| 3426 ELLIOT AVE MINNEAPOLIS MN 55407 | C ZIMA/A TYSON/C TYSON | RESIDENTIAL-TWO UNIT | $417,300 | 80 ft |
| 3406 ELLIOT AVE MINNEAPOLIS MN 55407 | NAOMI N FENNELL/RAHAMY MAGID | RESIDENTIAL | $277,800 | 120 ft |
| 3430 ELLIOT AVE MINNEAPOLIS MN 55407 | ELMER MEYER | RESIDENTIAL | $406,200 | 120 ft |
| 3421 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $411,600 | 138 ft |
| 3417 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $389,900 | 138 ft |
| 3427 CHICAGO AVE MINNEAPOLIS MN 55407 | SEGUNDO A LLAPA | RESIDENTIAL | $281,000 | 157 ft |
| 3434 ELLIOT AVE MINNEAPOLIS MN 55407 | JOHN P BLOOMQUIST ET AL | RESIDENTIAL | $356,000 | 161 ft |
Most Recent Sale
Current Tax Year