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.
2 permits on record since 2023 · $10K total declared value · Most recent: Nov 2023 (commfdrr)
Metro Heating & Cooling LLC
Metro Heating & Cooling LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Steven's Square - Loring Heights · 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
Urban Neighborhood 2 — moderate-density 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 4,401 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 504 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | J J WILWERDING ET AL | APARTMENT | $656,000 | 50 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | KATHERINE HOGG | CONDOMINIUM | $125,100 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | B G BANDEIRA & S L BANDEIRA | CONDOMINIUM | $135,700 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | GRANT PARKS | CONDOMINIUM | $125,100 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | VINCENT VAN DOVER | CONDOMINIUM | $132,500 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JEROD LOECK | CONDOMINIUM | $70,000 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | MARIA DADES | CONDOMINIUM | $124,000 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | RANDALL GLENN BAXTER | CONDOMINIUM | $125,100 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | NATHAN S HAILE | CONDOMINIUM | $117,700 | 75 ft |
| 520 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | DAVID OLSON | CONDOMINIUM | $133,600 | 75 ft |
Most Recent Sale
Current Tax Year