ParcelLens
Property Intelligence · Twin Cities
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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 ↗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 ↗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 2004 · $95K total declared value · Most recent: Dec 2004 (building re-inspection)
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 2 — medium-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 27,534 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 218 OAK GROVE ST MINNEAPOLIS MN 55403 | WM & D RAHN | APARTMENT | $2,736,000 | 105 ft |
| 248 OAK GROVE ST MINNEAPOLIS MN 55403 | OAK GROVE APT HOTEL LLP | VACANT LAND-APARTMENT | $936,200 | 139 ft |
| 214 OAK GROVE ST MINNEAPOLIS MN 55403 | MN BROWNSTONES LLC | APARTMENT | $2,350,000 | 154 ft |
| 223 15TH ST W MINNEAPOLIS MN 55403 | GRENDAHL PARK III LLC | VACANT LAND-APARTMENT | $618,600 | 158 ft |
| 225 15TH ST W MINNEAPOLIS MN 55403 | GRENDAHL PARK III LLC | APARTMENT | $3,499,000 | 164 ft |
| 219 15TH ST W MINNEAPOLIS MN 55403 | GRENDAHL PARK III LLC | VACANT LAND-APARTMENT | $394,800 | 191 ft |
| 233 15TH ST W MINNEAPOLIS MN 55403 | LORING 307 LLC | APARTMENT | $468,200 | 198 ft |
| 306 OAK GROVE ST MINNEAPOLIS MN 55403 | 306 OAK GROVE LLC | APARTMENT | $2,944,000 | 210 ft |
| 209 15TH ST W MINNEAPOLIS MN 55403 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $1,475,000 | 222 ft |
| 1518 SPRUCE PL MINNEAPOLIS MN 55403 | LORING MANOR L L P | APARTMENT | $1,925,000 | 232 ft |
Current Tax Year