ParcelLens
Property Intelligence · Twin Cities
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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 ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2020 · $39K total declared value · Most recent: Aug 2021 (comnofdbv)
Gilbert Mechanical Contractors LLC
Gilbert Mechanical Contractors Inc
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
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 6,989 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 18 15TH ST W MINNEAPOLIS MN 55403 | CP4 HARLO LLC | APARTMENT | $7,456,000 | 105 ft |
| 1425 LASALLE AVE MINNEAPOLIS MN 55403 | SOLEIL PROPERTIES LLC | APARTMENT | $2,925,000 | 110 ft |
| 1400 NICOLLET AVE MINNEAPOLIS MN 55403 | KC MARQUEE APARTMENTS LLC | APARTMENT | $40,790,000 | 134 ft |
| 21 14TH ST W MINNEAPOLIS MN 55403 | KENSINGTON APARTMENTS LLP | APARTMENT | $2,000,000 | 135 ft |
| 12 15TH ST W MINNEAPOLIS MN 55403 | CP4 HARLO LLC | APARTMENT | $4,014,000 | 147 ft |
| 1424 NICOLLET AVE MINNEAPOLIS MN 55403 | PERCANSKY PROPERTIES LLC | COMMERCIAL-PREFERRED | $849,800 | 229 ft |
| 19 15TH ST W MINNEAPOLIS MN 55403 | MN SOCIAL LLC | COMMERCIAL-PREFERRED | $485,400 | 292 ft |
| 1501 LASALLE AVE MINNEAPOLIS MN 55403 | THE PARKWAY LLC | APARTMENT | $5,362,000 | 296 ft |
| 17 15TH ST W MINNEAPOLIS MN 55403 | MN SOCIAL LLC | COMMERCIAL-PREFERRED | $200,100 | 298 ft |
| 120 15TH ST W MINNEAPOLIS MN 55403 | BD OF EDUCATION | COMMERCIAL-PREFERRED | $0 | 306 ft |
Most Recent Sale
Current Tax Year