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 2022 · $19K total declared value · Most recent: Sep 2023 (misc)
KAUFMAN SHEET METAL ROOFING INC
CenterPoint Energy Resource Corp
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 2,629 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3422 10TH AVE S MINNEAPOLIS MN 55407 | MARTHA M NODARSE | RESIDENTIAL | $330,000 | 40 ft |
| 3430 10TH AVE S MINNEAPOLIS MN 55407 | M C HARRIS & E M GLIDDEN | RESIDENTIAL | $299,000 | 40 ft |
| 3434 10TH AVE S MINNEAPOLIS MN 55407 | ROBERT & SUSAN MARKS-KERST | RESIDENTIAL | $317,400 | 80 ft |
| 3416 10TH AVE S MINNEAPOLIS MN 55407 | VERONICA MASON | RESIDENTIAL | $450,000 | 81 ft |
| 3438 10TH AVE S MINNEAPOLIS MN 55407 | CHANCE MICHAEL RITCHIE | TRIPLEX | $453,300 | 120 ft |
| 3412 10TH AVE S MINNEAPOLIS MN 55407 | J PALOKANGAS & D SARKIAHO | RESIDENTIAL-TWO UNIT | $453,400 | 121 ft |
| 3427 ELLIOT AVE MINNEAPOLIS MN 55407 | M BUCKLEY-FARLEE & M MULLENS | RESIDENTIAL | $331,200 | 139 ft |
| 3431 ELLIOT AVE MINNEAPOLIS MN 55407 | R E GENDLER & M S STONE | RESIDENTIAL-TWO UNIT | $372,900 | 144 ft |
| 3423 ELLIOT AVE MINNEAPOLIS MN 55407 | S T JAMISON JR | RESIDENTIAL | $298,400 | 145 ft |
| 3435 ELLIOT AVE MINNEAPOLIS MN 55407 | DELIGHTFUL STORIES LLC | RESIDENTIAL | $303,100 | 160 ft |
Most Recent Sale
Current Tax Year