ParcelLens
Property Intelligence · Twin Cities
Loading property data…
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.
No permits found in Minneapolis open data for this parcel.
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 sfr / adu benchmarks for 91 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1519 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES INC | VACANT LAND-APARTMENT | $675,200 | 56 ft |
| 1528 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $806,300 | 86 ft |
| 1515 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,106,000 | 105 ft |
| 116 OAK GROVE ST MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | APARTMENT | $2,435,300 | 126 ft |
| 200 OAK GROVE ST MINNEAPOLIS MN 55403 | C DAVID GEORGE | APARTMENT | $1,900,000 | 150 ft |
| 1511 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,232,000 | 152 ft |
| 1518 SPRUCE PL MINNEAPOLIS MN 55403 | LORING MANOR L L P | APARTMENT | $1,925,000 | 176 ft |
| 1507 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | RESIDENTIAL | $392,400 | 192 ft |
| 1512 SPRUCE PL MINNEAPOLIS MN 55403 | LORING MANOR LLP | APARTMENT | $1,925,000 | 197 ft |
| 1522 LASALLE AVE MINNEAPOLIS MN 55403 | 1522 LASALLE AVE LLC | LOW INCOME RENTAL | $2,470,000 | 208 ft |
Most Recent Sale
Current Tax Year