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.
1 permit on record since 2018 · $3K total declared value · Most recent: Jun 2018 (conversion)
Bruce A Ownbey
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,318 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3405 16TH AVE S MINNEAPOLIS MN 55407 | S B ELLSTRA & C M ELLSTRA | RESIDENTIAL | $356,500 | 38 ft |
| 3409 16TH AVE S MINNEAPOLIS MN 55407 | LINDA R HAFEMEISTER | RESIDENTIAL | $370,900 | 76 ft |
| 1611 34TH ST E MINNEAPOLIS MN 55407 | N ADELMAN & A ADELMAN | RESIDENTIAL | $282,000 | 95 ft |
| 3415 16TH AVE S MINNEAPOLIS MN 55407 | KATHRYN L HANSEN | RESIDENTIAL | $215,500 | 116 ft |
| 3404 17TH AVE S MINNEAPOLIS MN 55407 | DUANE PETERSON/SUSAN HAGLER | RESIDENTIAL-TWO UNIT | $401,500 | 141 ft |
| 3343 16TH AVE S MINNEAPOLIS MN 55407 | KI 16TH LLC | APARTMENT | $935,000 | 142 ft |
| 3400 17TH AVE S MINNEAPOLIS MN 55407 | JEFFREY M KEALY | RESIDENTIAL-TWO UNIT | $348,100 | 155 ft |
| 1614 34TH ST E MINNEAPOLIS MN 55407 | ANDREW JAMES MEURER | RESIDENTIAL | $247,400 | 156 ft |
| 3408 17TH AVE S MINNEAPOLIS MN 55407 | ROBIN A BRANDT | RESIDENTIAL | $276,100 | 156 ft |
| 3417 16TH AVE S MINNEAPOLIS MN 55407 | BRENDA L DEGE | RESIDENTIAL | $376,000 | 157 ft |
Most Recent Sale
Current Tax Year