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.
3 permits on record since 2016 · $520K total declared value · Most recent: Jul 2017 (res)
Erickson Plumbing Heating Cooling Inc
Erickson Plumbing Heating Cooling Inc
FRERICHS CONSTRUCTION
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
Residential Mixed-Use 1 — low-density mixed 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 3-story wood frame (5–12 units) benchmarks for 3,040 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3421 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $411,600 | 54 ft |
| 3405 CHICAGO AVE MINNEAPOLIS MN 55407 | INVESTORS CAPITAL LLC | COMMERCIAL-PREFERRED | $660,000 | 72 ft |
| 3427 CHICAGO AVE MINNEAPOLIS MN 55407 | SEGUNDO A LLAPA | RESIDENTIAL | $281,000 | 105 ft |
| 3414 ELLIOT AVE MINNEAPOLIS MN 55407 | VALENTINA MEJIA ET AL | RESIDENTIAL-TWO UNIT | $307,700 | 136 ft |
| 3418 ELLIOT AVE MINNEAPOLIS MN 55407 | SAMI GHANDOUR & IVY GHANDOUR | RESIDENTIAL | $254,500 | 138 ft |
| 3401 CHICAGO AVE MINNEAPOLIS MN 55407 | 3401 CHICAGO LLC | COMMERCIAL-PREFERRED | $437,000 | 142 ft |
| 3410 ELLIOT AVE MINNEAPOLIS MN 55407 | AMY MILLER & DARIN CARR | RESIDENTIAL | $333,800 | 146 ft |
| 3429 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $291,900 | 146 ft |
| 3422 ELLIOT AVE MINNEAPOLIS MN 55407 | PAULA W MEDLOCK | RESIDENTIAL | $304,200 | 151 ft |
| 3406 ELLIOT AVE MINNEAPOLIS MN 55407 | NAOMI N FENNELL/RAHAMY MAGID | RESIDENTIAL | $277,800 | 165 ft |
Most Recent Sale
Current Tax Year