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.
5 permits on record since 2017 · $6K total declared value · Most recent: Apr 2022 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
Farr Plumbing and Heating LLC
TODD J GINSBERG
Linn Star Transfer Inc
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 2,462 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3438 ELLIOT AVE MINNEAPOLIS MN 55407 | A ENCALADA & J FIGUEROA | RESIDENTIAL | $260,000 | 40 ft |
| 3446 ELLIOT AVE MINNEAPOLIS MN 55407 | MICHAEL CAVLAN/NANCY COONS | RESIDENTIAL | $390,600 | 40 ft |
| 3450 ELLIOT AVE MINNEAPOLIS MN 55407 | FELIX GONZALEZ LOPEZ | RESIDENTIAL-TWO UNIT | $360,800 | 80 ft |
| 3434 ELLIOT AVE MINNEAPOLIS MN 55407 | JOHN P BLOOMQUIST ET AL | RESIDENTIAL | $356,000 | 80 ft |
| 3430 ELLIOT AVE MINNEAPOLIS MN 55407 | ELMER MEYER | RESIDENTIAL | $406,200 | 120 ft |
| 3454 ELLIOT AVE MINNEAPOLIS MN 55407 | KAREN ELIZABETH FASTER RV TR | RESIDENTIAL-TWO UNIT | $355,500 | 133 ft |
| 814 35TH ST E MINNEAPOLIS MN 55407 | ELIZABETH BARRETT & JAY WAHI | RESIDENTIAL | $246,400 | 135 ft |
| 3437 CHICAGO AVE MINNEAPOLIS MN 55407 | DANIEL J BENNETT | RESIDENTIAL | $399,000 | 136 ft |
| 3441 CHICAGO AVE MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO I LTD PRTNR | LOW INCOME RENTAL | $289,700 | 141 ft |
| 3433 CHICAGO AVE MINNEAPOLIS MN 55407 | TITO MENDOZA | RESIDENTIAL-TWO UNIT | $392,000 | 142 ft |
Most Recent Sale
Current Tax Year