Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2024 · $53K total declared value · Most recent: Oct 2024 (roofwind)
QUALITY TRUSTED COMMERCIAL CONSTRUCTION & ROOFING
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Loring Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1056
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 219 15TH ST W MINNEAPOLIS MN 55403 | GRENDAHL PARK III LLC | VACANT LAND-APARTMENT | $394,800 | 48 ft |
| 205 15TH ST W MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,175,000 | 58 ft |
| 223 15TH ST W MINNEAPOLIS MN 55403 | GRENDAHL PARK III LLC | VACANT LAND-APARTMENT | $618,600 | 104 ft |
| 201 15TH ST W MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,325,000 | 118 ft |
| 1512 SPRUCE PL MINNEAPOLIS MN 55403 | LORING MANOR LLP | APARTMENT | $1,925,000 | 130 ft |
| 225 15TH ST W MINNEAPOLIS MN 55403 | GRENDAHL PARK III LLC | APARTMENT | $3,499,000 | 169 ft |
| 1430 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $3,850,000 | 174 ft |
| 1518 SPRUCE PL MINNEAPOLIS MN 55403 | LORING MANOR L L P | APARTMENT | $1,925,000 | 186 ft |
| 214 15TH ST W MINNEAPOLIS MN 55403 | GRENDAHL PARK II LLC | APARTMENT | $3,602,000 | 215 ft |
| 1424 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | VACANT LAND-APARTMENT | $524,300 | 222 ft |