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.
3 permits on record since 2007 · $325K total declared value · Most recent: Sep 2023 (roofwind)
A-1 Restoration
FARRELL AND SONS
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 12,741 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 314 CLIFTON AVE MINNEAPOLIS MN 55403 | CLIFTON COURT LLP | COMMERCIAL-PREFERRED | $970,900 | 104 ft |
| 307 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING PARK MULTIFAMILY LLC | LAND-COMMERCIAL | $388,800 | 147 ft |
| 315 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING PARK MULTIFAMILY LLC | LAND-COMMERCIAL | $386,400 | 150 ft |
| 300 CLIFTON AVE MINNEAPOLIS MN 55403 | MARK LYONS | RESIDENTIAL-TWO UNIT | $1,406,300 | 151 ft |
| 317 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING PARK MULTIFAMILY LLC | LAND-COMMERCIAL | $386,400 | 163 ft |
| 322 CLIFTON AVE MINNEAPOLIS MN 55403 | THE CLIFTON LLC | APARTMENT | $1,440,000 | 194 ft |
| 301 OAK GROVE ST MINNEAPOLIS MN 55403 | SCOTT WILLIAMS/LINDA HALCON | CONDOMINIUM | $335,000 | 196 ft |
| 301 OAK GROVE ST MINNEAPOLIS MN 55403 | MARSHA ZUCKERMAN | CONDOMINIUM | $252,000 | 196 ft |
| 301 OAK GROVE ST MINNEAPOLIS MN 55403 | JON M BERKIN | CONDOMINIUM | $331,000 | 196 ft |
| 301 OAK GROVE ST MINNEAPOLIS MN 55403 | M L BORICH & J A MOOSE | CONDOMINIUM | $233,000 | 196 ft |
Most Recent Sale
Current Tax Year