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 ↗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.
2 permits on record since 2019 · $25K total declared value · Most recent: Jun 2024 (misc)
JUSTIFIED EXTERIORS
BURNOMATIC
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 1,962 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3455 ELLIOT AVE MINNEAPOLIS MN 55407 | R J SPRATT & K R RUSH | RESIDENTIAL | $380,700 | 33 ft |
| 3445 ELLIOT AVE MINNEAPOLIS MN 55407 | LUCIA DUTRA | VACANT LAND-RESIDENTIAL | $64,000 | 37 ft |
| 3457 ELLIOT AVE MINNEAPOLIS MN 55407 | 316 PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $328,300 | 67 ft |
| 3441 ELLIOT AVE MINNEAPOLIS MN 55407 | T M ANDERSON & E S ANDERSON | RESIDENTIAL | $319,000 | 77 ft |
| 3437 ELLIOT AVE MINNEAPOLIS MN 55407 | PN7, LLC | RESIDENTIAL-TWO UNIT | $384,500 | 117 ft |
| 3448 10TH AVE S MINNEAPOLIS MN 55407 | J K & L V KLEIN | RESIDENTIAL | $375,500 | 140 ft |
| 3452 10TH AVE S MINNEAPOLIS MN 55407 | COMMUNITY HOUSING RESOURCES | RESIDENTIAL | $0 | 145 ft |
| 3458 10TH AVE S MINNEAPOLIS MN 55407 | BEVERLY A DENMAN | RESIDENTIAL | $350,000 | 149 ft |
| 3442 10TH AVE S MINNEAPOLIS MN 55407 | SARAH NEWBOLD WILSON TRUST | RESIDENTIAL | $360,900 | 154 ft |
| 3435 ELLIOT AVE MINNEAPOLIS MN 55407 | DELIGHTFUL STORIES LLC | RESIDENTIAL | $303,100 | 157 ft |
Most Recent Sale
Current Tax Year