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 2017 · $219K total declared value · Most recent: Jul 2023 (remodel)
Sazic Construction
DEFINITIVE BUILDERS 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 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 5-over-1 podium (12–50 units) benchmarks for 9,122 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1528 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $806,300 | 97 ft |
| 1530 LASALLE AVE MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAM LLLP | APARTMENT | $2,259,000 | 122 ft |
| 1526 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $63,200 | 126 ft |
| 1519 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES INC | VACANT LAND-APARTMENT | $675,200 | 132 ft |
| 1524 LASALLE AVE MINNEAPOLIS MN 55403 | AWESOME LASALLE LLC ET AL | APARTMENT | $2,025,000 | 134 ft |
| 1536 LASALLE AVE MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAM LLLP | APARTMENT | $2,151,000 | 135 ft |
| 1522 LASALLE AVE MINNEAPOLIS MN 55403 | 1522 LASALLE AVE LLC | LOW INCOME RENTAL | $2,470,000 | 160 ft |
| 1515 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,106,000 | 186 ft |
| 101 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | VACANT LAND-APARTMENT | $700,200 | 196 ft |
| 1510 LASALLE AVE MINNEAPOLIS MN 55403 | BUCKINGHAM TERRACE LLC | VACANT LAND-APARTMENT | $675,200 | 213 ft |
Most Recent Sale
Current Tax Year