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.
2 permits on record since 2022 · $15K total declared value · Most recent: Feb 2023 (existres)
Standard Heating and Air Conditioning Inc
TRITON EXTERIORS INC
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 small multifamily (2–4 units, wood frame) benchmarks for 1,712 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 416 CLIFTON AVE MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | VACANT LAND-APARTMENT | $161,900 | 49 ft |
| 404 CLIFTON AVE MINNEAPOLIS MN 55403 | THE ARCHITECTURAL ALLIANCE | LAND-COMMERCIAL | $311,500 | 49 ft |
| 401 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $9,985,300 | 115 ft |
| 409 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 119 ft |
| 403 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 145 ft |
| 400 CLIFTON AVE MINNEAPOLIS MN 55403 | THE ARCHITECTURAL ALLIANCE | COMMERCIAL-PREFERRED | $2,376,200 | 171 ft |
| 343 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 181 ft |
| 421 CLIFTON AVE MINNEAPOLIS MN 55403 | ALAIN BINA-KASHANI | RESIDENTIAL | $1,167,000 | 184 ft |
| 419 OAK GROVE ST MINNEAPOLIS MN 55403 | DAVID S EVINGER/LYNN EVINGER | CONDOMINIUM | $659,000 | 212 ft |
| 1600 CLIFTON PL MINNEAPOLIS MN 55403 | KIMBERLY RAKOS | CONDOMINIUM | $707,000 | 212 ft |
Most Recent Sale
Current Tax Year