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 2019 · $24K total declared value · Most recent: Sep 2019 (roofwind)
REDLINE BLDG SERVICES
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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 4,433 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3420 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FMJ MALL LLC | APARTMENT | $777,000 | 56 ft |
| 3434 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | HH 1 LLC | APARTMENT | $1,994,000 | 88 ft |
| 3418 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JEFFREY G KUHN TRUST | TRIPLEX | $397,900 | 106 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | AMANDA ANN KNOKE LIVING TR | CONDOMINIUM | $179,500 | 137 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | CAITLIN O'FALLON | CONDOMINIUM | $179,500 | 137 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | C A SPEIER & L M SPEIER | CONDOMINIUM | $194,900 | 137 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | JOSE LUIS | CONDOMINIUM | $194,900 | 137 ft |
| MN | Unknown | — | — | 137 ft |
| 3425 15TH AVE S MINNEAPOLIS MN 55407 | G M PEREZ & C H ROBLES | RESIDENTIAL | $335,300 | 140 ft |
| 3431 15TH AVE S MINNEAPOLIS MN 55407 | ALISON RENEE HOYER | RESIDENTIAL | $171,400 | 147 ft |
Most Recent Sale
Current Tax Year