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.
1 permit on record since 2000 · $4.4M total declared value · Most recent: Nov 2000 (building re-inspection)
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 1052.04
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Residential Mixed-Use 3 — higher-density mixed residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 115 15TH ST W MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,190,000 | 271 ft |
| 1425 LASALLE AVE MINNEAPOLIS MN 55403 | SOLEIL PROPERTIES LLC | APARTMENT | $2,925,000 | 277 ft |
| 1400 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | APARTMENT | $3,420,000 | 287 ft |
| 1368 LASALLE AVE MINNEAPOLIS MN 55403 | MN LPM APARTMENTS LLC | APARTMENT | $64,490,000 | 291 ft |
| 1500 LASALLE AVE MINNEAPOLIS MN 55403 | BUCKINGHAM TERRACE LLC | APARTMENT | $9,474,800 | 303 ft |
| 21 14TH ST W MINNEAPOLIS MN 55403 | KENSINGTON APARTMENTS LLP | APARTMENT | $2,000,000 | 305 ft |
| 1417 LASALLE AVE MINNEAPOLIS MN 55403 | THE COMMODORE LLC | APARTMENT | $2,750,000 | 306 ft |
| 1424 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | VACANT LAND-APARTMENT | $524,300 | 311 ft |
| 1507 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | RESIDENTIAL | $392,400 | 318 ft |
| 1430 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $3,850,000 | 329 ft |
Current Tax Year