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 ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
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 1,457 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 318 GROVELAND AVE MINNEAPOLIS MN 55403 | MERRILL BUSCH | RESIDENTIAL | $834,600 | 47 ft |
| 310 GROVELAND AVE MINNEAPOLIS MN 55403 | LD ALLEN LLC | COMMERCIAL-PREFERRED | $1,158,300 | 120 ft |
| 317 CLIFTON AVE MINNEAPOLIS MN 55403 | VAUGHN E FESENMAIER | APARTMENT | $1,013,000 | 162 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | SARA MARTINUCCI | CONDOMINIUM | $192,000 | 194 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | THE MENARD G HEYDANEK JR TRT | CONDOMINIUM | $239,000 | 194 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | SHERI P LEAR REVOCABLE TRUST | CONDOMINIUM | $245,000 | 194 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | TERRY J POLAKOSKI | CONDOMINIUM | $249,000 | 194 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | DIANE LIPMAN GROVES ET AL | CONDOMINIUM | $321,000 | 194 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | MARTIN KAHN | CONDOMINIUM | $322,000 | 194 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | JODELL SWENSON TRUST | CONDOMINIUM | $326,000 | 194 ft |
Most Recent Sale
Current Tax Year