Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2018 · $97K total declared value · Most recent: Mar 2026 (roofwind)
Quality Trusted Commercial Construction and roofin
THE HOME DEPOT
THE HOME DEPOT
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 96
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 9,288 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3534 12TH AVE S MINNEAPOLIS MN 55407 | KAREN S PEDERSEN | RESIDENTIAL | $344,000 | 97 ft |
| 3516 12TH AVE S MINNEAPOLIS MN 55407 | J T ALFORD & N J BENNETT | RESIDENTIAL | $331,500 | 98 ft |
| 3527 11TH AVE S MINNEAPOLIS MN 55407 | K R SORUM & E J SORUM | RESIDENTIAL | $244,300 | 135 ft |
| 3525 11TH AVE S MINNEAPOLIS MN 55407 | NOAH ROLF | RESIDENTIAL | $272,100 | 136 ft |
| 3538 12TH AVE S MINNEAPOLIS MN 55407 | HOLLY SANTIAGO/ZACHARY BABEL | RESIDENTIAL-TWO UNIT | $356,600 | 139 ft |
| 3512 12TH AVE S MINNEAPOLIS MN 55407 | D TIMM & J R FISCHER | RESIDENTIAL | $398,600 | 141 ft |
| 3531 11TH AVE S MINNEAPOLIS MN 55407 | A E BROWNE & S E BRUMBELOW | RESIDENTIAL | $268,300 | 142 ft |
| 3521 11TH AVE S MINNEAPOLIS MN 55407 | ANAB HAASAN | RESIDENTIAL | $339,800 | 147 ft |
| 3533 11TH AVE S MINNEAPOLIS MN 55407 | JOHN A DRUMMY TRUSTEE | RESIDENTIAL | $276,800 | 156 ft |
| 3517 11TH AVE S MINNEAPOLIS MN 55407 | ACMN PROPERTIES LLC | LOW INCOME RENTAL | $339,000 | 168 ft |
Most Recent Sale
Current Tax Year