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.
27 permits on record since 2001 · $26.1M total declared value · Most recent: Apr 2026 (commercial minor)
Gilbert Mechanical Contractors LLC
Altemp Mechanical Inc
Structura Builders
Gilbert Mechanical Contractors LLC
Gilbert Mechanical Contractors LLC
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
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 125 GRANT ST W MINNEAPOLIS MN 55403 | MN BROWNSTONES LLC | APARTMENT | $3,150,000 | 212 ft |
| 1365 SPRUCE PL MINNEAPOLIS MN 55403 | SPRUCE PLACE APTS L L P | APARTMENT | $2,700,000 | 242 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $195,000 | 256 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $197,000 | 256 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $195,000 | 256 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $197,000 | 256 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $195,000 | 256 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $201,000 | 256 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $201,000 | 256 ft |
| 1401 WILLOW ST MINNEAPOLIS MN 55403 | ADVANCE REALTY INC | CONDOMINIUM | $203,000 | 256 ft |