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 ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗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 ↗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 ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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 ↗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.
1 permit on record since 2022 · Most recent: Apr 2022 (res)
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 2,612 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3434 10TH AVE S MINNEAPOLIS MN 55407 | ROBERT & SUSAN MARKS-KERST | RESIDENTIAL | $317,400 | 40 ft |
| 3442 10TH AVE S MINNEAPOLIS MN 55407 | SARAH NEWBOLD WILSON TRUST | RESIDENTIAL | $360,900 | 50 ft |
| 3430 10TH AVE S MINNEAPOLIS MN 55407 | M C HARRIS & E M GLIDDEN | RESIDENTIAL | $299,000 | 80 ft |
| 3448 10TH AVE S MINNEAPOLIS MN 55407 | J K & L V KLEIN | RESIDENTIAL | $375,500 | 100 ft |
| 3426 10TH AVE S MINNEAPOLIS MN 55407 | JEANNE M BARKEY | RESIDENTIAL | $342,600 | 120 ft |
| 3452 10TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 139 ft |
| 3437 ELLIOT AVE MINNEAPOLIS MN 55407 | PN7, LLC | RESIDENTIAL-TWO UNIT | $384,500 | 139 ft |
| 3441 ELLIOT AVE MINNEAPOLIS MN 55407 | T M ANDERSON & E S ANDERSON | RESIDENTIAL | $319,000 | 144 ft |
| 3435 ELLIOT AVE MINNEAPOLIS MN 55407 | DELIGHTFUL STORIES LLC | RESIDENTIAL | $303,100 | 145 ft |
| 3445 ELLIOT AVE MINNEAPOLIS MN 55407 | LUCIA DUTRA | VACANT LAND-RESIDENTIAL | $64,000 | 160 ft |
Most Recent Sale
Current Tax Year