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 2023 · Most recent: Jun 2023 (commercial minor)
MN Plumbing & Home Services 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 3,378 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | CAITLIN O'FALLON | CONDOMINIUM | $179,500 | 0 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | C A SPEIER & L M SPEIER | CONDOMINIUM | $194,900 | 0 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | JOSE LUIS | CONDOMINIUM | $194,900 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 3431 15TH AVE S MINNEAPOLIS MN 55407 | ALISON RENEE HOYER | RESIDENTIAL | $171,400 | 38 ft |
| 3425 15TH AVE S MINNEAPOLIS MN 55407 | G M PEREZ & C H ROBLES | RESIDENTIAL | $335,300 | 50 ft |
| 3435 15TH AVE S MINNEAPOLIS MN 55407 | NATHANIEL J PHILLIPS | LOW INCOME RENTAL | $554,000 | 73 ft |
| 3421 15TH AVE S MINNEAPOLIS MN 55407 | LONNY DOUB | APARTMENT | $683,000 | 100 ft |
| 3437 15TH AVE S MINNEAPOLIS MN 55407 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 111 ft |
| 3424 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3424 BLOOMINGTON LLC | LOW INCOME RENTAL | $786,000 | 137 ft |
Most Recent Sale
Current Tax Year