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 ↗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.
5 permits on record since 2022 · $20K total declared value · Most recent: Nov 2024 (commfdrr)
Johnson Plumbing and Heating Co
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 3,125 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3431 15TH AVE S MINNEAPOLIS MN 55407 | ALISON RENEE HOYER | RESIDENTIAL | $171,400 | 36 ft |
| 3437 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 38 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | AMANDA ANN KNOKE LIVING TR | CONDOMINIUM | $179,500 | 73 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | CAITLIN O'FALLON | CONDOMINIUM | $179,500 | 73 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | C A SPEIER & L M SPEIER | CONDOMINIUM | $194,900 | 73 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | JOSE LUIS | CONDOMINIUM | $194,900 | 73 ft |
| MN | Unknown | — | — | 73 ft |
| 3439 15TH AVE S MINNEAPOLIS MN 55407 | CB PRG PORTFOLIO II L P | LOW INCOME RENTAL | $621,000 | 74 ft |
| 3443 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF LAKES COMM LAND TR | — | $309,100 | 112 ft |
| 3425 15TH AVE S MINNEAPOLIS MN 55407 | G M PEREZ & C H ROBLES | RESIDENTIAL | $335,300 | 123 ft |
Most Recent Sale
Current Tax Year