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.
2 permits on record since 2019 · Most recent: Apr 2022 (res)
CenterPoint Energy Resource Corp
Erickson Plumbing Heating Cooling 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 2,956 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3437 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 36 ft |
| 3443 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TR | — | $309,100 | 38 ft |
| 3435 15TH AVE S MINNEAPOLIS MN 55407 | NATHANIEL J PHILLIPS | LOW INCOME RENTAL | $554,000 | 74 ft |
| 3445 15TH AVE S MINNEAPOLIS MN 55407 | MEGAN A LONGO | RESIDENTIAL | $201,800 | 83 ft |
| 1510 35TH ST E MINNEAPOLIS MN 55407 | NAUN U RODRIGUEZ | RESIDENTIAL | $173,000 | 84 ft |
| 3431 15TH AVE S MINNEAPOLIS MN 55407 | ALISON RENEE HOYER | RESIDENTIAL | $171,400 | 110 ft |
| 3438 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | NATHAN JOEL STANLEY | RESIDENTIAL | $125,800 | 136 ft |
| 3440 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | MAY DAY CAFE WORKERS COOP RE | COMMERCIAL-PREFERRED | $289,000 | 137 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | AMANDA ANN KNOKE LIVING TR | CONDOMINIUM | $179,500 | 147 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | CAITLIN O'FALLON | CONDOMINIUM | $179,500 | 147 ft |
Most Recent Sale
Current Tax Year