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 ↗Signals are based on public datasets; program eligibility requires verification.
9 permits on record since 2017 · $23K total declared value · Most recent: Dec 2025 (res)
ST PAUL PLUMBING AND HEATING CO INC
ST PAUL PLUMBING AND HEATING CO INC
ST PAUL PLUMBING AND HEATING CO INC
CENTERPOINT ENERGY
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 2,469 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3425 16TH AVE S MINNEAPOLIS MN 55407 | DOROTHY M BERNAS | RESIDENTIAL | $279,700 | 40 ft |
| 3417 16TH AVE S MINNEAPOLIS MN 55407 | BRENDA L DEGE | RESIDENTIAL | $376,000 | 40 ft |
| 3415 16TH AVE S MINNEAPOLIS MN 55407 | KATHRYN L HANSEN | RESIDENTIAL | $215,500 | 80 ft |
| 3429 16TH AVE S MINNEAPOLIS MN 55407 | PATRICIA J YONEMURA | RESIDENTIAL | $284,700 | 81 ft |
| 3409 16TH AVE S MINNEAPOLIS MN 55407 | LINDA R HAFEMEISTER | RESIDENTIAL | $370,900 | 120 ft |
| 3433 16TH AVE S MINNEAPOLIS MN 55407 | R COOPER & M VUJNOVICH TRUST | RESIDENTIAL | $299,200 | 121 ft |
| 3420 17TH AVE S MINNEAPOLIS MN 55407 | R D MANSFIELD/A L MANSFIELD | RESIDENTIAL | $277,700 | 136 ft |
| 3416 17TH AVE S MINNEAPOLIS MN 55407 | W J BAJUSCIK & L S ROBINSON | RESIDENTIAL | $229,400 | 141 ft |
| 3424 17TH AVE S MINNEAPOLIS MN 55407 | ANDREA KUNZE | RESIDENTIAL | $206,300 | 142 ft |
| 3412 17TH AVE S MINNEAPOLIS MN 55407 | NOAH EXUM | RESIDENTIAL | $228,200 | 157 ft |
Most Recent Sale
Current Tax Year