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.
No permits found in Minneapolis open data for this parcel.
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 2,462 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3434 ELLIOT AVE MINNEAPOLIS MN 55407 | JOHN P BLOOMQUIST ET AL | RESIDENTIAL | $356,000 | 40 ft |
| 3442 ELLIOT AVE MINNEAPOLIS MN 55407 | F MUSATAU & Y MUSATAU | RESIDENTIAL-TWO UNIT | $291,800 | 40 ft |
| 3430 ELLIOT AVE MINNEAPOLIS MN 55407 | ELMER MEYER | RESIDENTIAL | $406,200 | 80 ft |
| 3446 ELLIOT AVE MINNEAPOLIS MN 55407 | MICHAEL CAVLAN/NANCY COONS | RESIDENTIAL | $390,600 | 80 ft |
| 3450 ELLIOT AVE MINNEAPOLIS MN 55407 | FELIX GONZALEZ LOPEZ | RESIDENTIAL-TWO UNIT | $360,800 | 120 ft |
| 3426 ELLIOT AVE MINNEAPOLIS MN 55407 | C ZIMA/A TYSON/C TYSON | RESIDENTIAL-TWO UNIT | $417,300 | 120 ft |
| 3433 CHICAGO AVE MINNEAPOLIS MN 55407 | TITO MENDOZA | RESIDENTIAL-TWO UNIT | $392,000 | 136 ft |
| 3437 CHICAGO AVE MINNEAPOLIS MN 55407 | DANIEL J BENNETT | RESIDENTIAL | $399,000 | 141 ft |
| 3431 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $291,900 | 142 ft |
| 3441 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $289,700 | 157 ft |
Most Recent Sale
Current Tax Year