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.
No permits found in Minneapolis open data for this parcel.
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 4,994 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1507 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | RESIDENTIAL | $392,400 | 41 ft |
| 1515 SPRUCE PL MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,106,000 | 50 ft |
| 115 15TH ST W MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,190,000 | 90 ft |
| 1519 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES INC | VACANT LAND-APARTMENT | $675,200 | 108 ft |
| 1526 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $63,200 | 152 ft |
| 1510 LASALLE AVE MINNEAPOLIS MN 55403 | BUCKINGHAM TERRACE LLC | VACANT LAND-APARTMENT | $675,200 | 170 ft |
| 1500 LASALLE AVE MINNEAPOLIS MN 55403 | BUCKINGHAM TERRACE LLC | APARTMENT | $9,474,800 | 174 ft |
| 201 15TH ST W MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $2,325,000 | 180 ft |
| 1522 LASALLE AVE MINNEAPOLIS MN 55403 | 1522 LASALLE AVE LLC | LOW INCOME RENTAL | $2,470,000 | 197 ft |
| 1512 SPRUCE PL MINNEAPOLIS MN 55403 | LORING MANOR LLP | APARTMENT | $1,925,000 | 218 ft |
Most Recent Sale
Current Tax Year