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.
4 permits on record since 2017 · $12K total declared value · Most recent: Jul 2025 (res)
Erik Nelson Plumbing LLC
CHAMPION PLUMBING LLC
Rosario Salas
THIS N THAT REMODELING 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 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 3,378 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3400 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3400 BLOOMINGTON LLC | COMMERCIAL-PREFERRED | $300,000 | 45 ft |
| 3412 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | BLOOMINGTON SQUARE APT LLC | APARTMENT | $1,956,000 | 75 ft |
| 3405 15TH AVE S MINNEAPOLIS MN 55407 | LYDA PULESTON | APARTMENT | $507,000 | 137 ft |
| 3401 15TH AVE S MINNEAPOLIS MN 55407 | JOHN B REEVES ET AL | RESIDENTIAL-TWO UNIT | $503,200 | 144 ft |
| 3418 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | JEFFREY G KUHN TRUST | TRIPLEX | $397,900 | 150 ft |
| 3411 15TH AVE S MINNEAPOLIS MN 55407 | HADA PROPERTIES LLC | APARTMENT | $717,000 | 155 ft |
| 3346 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | BETH FOREST | RESIDENTIAL | $201,500 | 165 ft |
| 3415 15TH AVE S MINNEAPOLIS MN 55407 | BARBARA A KUMMER | RESIDENTIAL | $235,300 | 184 ft |
| 3420 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FMJ MALL LLC | APARTMENT | $777,000 | 200 ft |
| 3405 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | ANDREW LUTZ & NIKKI HAUSAUER | RESIDENTIAL | $254,400 | 203 ft |
Most Recent Sale
Current Tax Year