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 2018 · $15K total declared value · Most recent: Jan 2022 (remodel)
MICS CONSTRUCTION SERVICES
Warners Stellian Co 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 5-over-1 podium (12–50 units) benchmarks for 17,088 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 404 CLIFTON AVE MINNEAPOLIS MN 55403 | THE ARCHITECTURAL ALLIANCE | LAND-COMMERCIAL | $311,500 | 124 ft |
| 343 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 135 ft |
| 337 OAK GROVE ST MINNEAPOLIS MN 55403 | COULEE BANK | COMMERCIAL-PREFERRED | $886,800 | 136 ft |
| 322 CLIFTON AVE MINNEAPOLIS MN 55403 | THE CLIFTON LLC | APARTMENT | $1,440,000 | 150 ft |
| 403 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 152 ft |
| 410 CLIFTON AVE MINNEAPOLIS MN 55403 | ALAIN BINA-KASHANI | RESIDENTIAL | $1,018,600 | 171 ft |
| 409 OAK GROVE ST MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | APARTMENT | $4,634,300 | 182 ft |
| 333 OAK GROVE ST MINNEAPOLIS MN 55403 | DAVID J LUNDSTROM | APARTMENT | $4,449,000 | 204 ft |
| 416 CLIFTON AVE MINNEAPOLIS MN 55403 | VUE APARTMENTS LLC | VACANT LAND-APARTMENT | $161,900 | 218 ft |
| 410 GROVELAND AVE MINNEAPOLIS MN 55403 | EVA FARINA & ROBERT FARINA | CONDOMINIUM | $123,000 | 234 ft |
Most Recent Sale
Current Tax Year