Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2010 · $65K total declared value · Most recent: May 2010 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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 12,798 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1525 LASALLE AVE MINNEAPOLIS MN 55403 | 1525 LASALLE LLC | APARTMENT | $2,687,000 | 87 ft |
| 19 15TH ST W MINNEAPOLIS MN 55403 | MN SOCIAL LLC | COMMERCIAL-PREFERRED | $485,400 | 125 ft |
| 1501 LASALLE AVE MINNEAPOLIS MN 55403 | THE PARKWAY LLC | APARTMENT | $5,362,000 | 133 ft |
| 17 15TH ST W MINNEAPOLIS MN 55403 | MN SOCIAL LLC | COMMERCIAL-PREFERRED | $200,100 | 140 ft |
| 1500 NICOLLET AVE MINNEAPOLIS MN 55403 | MPLS LEASED HSG ASSOC IX LLP | LOW INCOME RENTAL | $32,800,000 | 166 ft |
| 22 OAK GROVE ST MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAMILY LP | APARTMENT | $2,385,000 | 181 ft |
| 14 OAK GROVE ST MINNEAPOLIS MN 55403 | 14 OAK GROVE LLC | APARTMENT | $2,308,000 | 189 ft |
| 26 OAK GROVE ST MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAMILY LP | APARTMENT | $2,171,000 | 189 ft |
| 1510 LASALLE AVE MINNEAPOLIS MN 55403 | BUCKINGHAM TERRACE LLC | VACANT LAND-APARTMENT | $675,200 | 224 ft |
| 1522 LASALLE AVE MINNEAPOLIS MN 55403 | 1522 LASALLE AVE LLC | LOW INCOME RENTAL | $2,470,000 | 226 ft |
Current Tax Year