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.
1 permit on record since 2018 · $27K total declared value · Most recent: Aug 2018 (commercial multi-family)
BURNOMATIC
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
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 3,734 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 22 OAK GROVE ST MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAMILY LP | APARTMENT | $2,385,000 | 54 ft |
| 1525 LASALLE AVE MINNEAPOLIS MN 55403 | 1525 LASALLE LLC | APARTMENT | $2,687,000 | 108 ft |
| 26 OAK GROVE ST MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAMILY LP | APARTMENT | $2,171,000 | 108 ft |
| 1517 LASALLE AVE MINNEAPOLIS MN 55403 | CHDC LASALLE LLC | LOW INCOME RENTAL | $5,217,000 | 189 ft |
| 1500 NICOLLET AVE MINNEAPOLIS MN 55403 | MPLS LEASED HSG ASSOC IX LLP | LOW INCOME RENTAL | $32,800,000 | 203 ft |
| 1530 LASALLE AVE MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAM LLLP | APARTMENT | $2,259,000 | 262 ft |
| 1536 LASALLE AVE MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAM LLLP | APARTMENT | $2,151,000 | 264 ft |
| 1524 LASALLE AVE MINNEAPOLIS MN 55403 | AWESOME LASALLE LLC ET AL | APARTMENT | $2,025,000 | 273 ft |
| 17 15TH ST W MINNEAPOLIS MN 55403 | MN SOCIAL LLC | COMMERCIAL-PREFERRED | $200,100 | 305 ft |
| 19 15TH ST W MINNEAPOLIS MN 55403 | MN SOCIAL LLC | COMMERCIAL-PREFERRED | $485,400 | 307 ft |
Most Recent Sale
Current Tax Year