ParcelLens
Property Intelligence · Twin Cities
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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 ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 8,127 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 600 FRANKLIN AVE W MINNEAPOLIS MN 55405 | 600 FRANKLIN AVENUE LLC | APARTMENT | $2,530,000 | 101 ft |
| 514 FRANKLIN AVE W MINNEAPOLIS MN 55405 | SCHLINK FAMILY REVOCABLE TR | RESIDENTIAL | $589,800 | 140 ft |
| 610 FRANKLIN AVE W MINNEAPOLIS MN 55405 | BRYANT BAKER LLC ET AL | APARTMENT | $4,639,000 | 150 ft |
| 507 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | PUTNAM PROPERTIES LLC | APARTMENT | $3,134,000 | 170 ft |
| 600 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | LEEJA MILLER | TRIPLEX | $586,700 | 176 ft |
| 510 FRANKLIN AVE W MINNEAPOLIS MN 55405 | SCHLINK FAMILY REV TRUST | LAND-COMMERCIAL | $160,200 | 178 ft |
| 524 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | GEETANJALI & SHIVA MITTAL | RESIDENTIAL | $422,000 | 183 ft |
| 606 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | E M HOKANSON & K P HOKANSON | RESIDENTIAL-TWO UNIT | $591,100 | 184 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | DEANNA MARIE GINTER | CONDOMINIUM | $139,000 | 185 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JOHN MICHAEL HITZELBERGER | CONDOMINIUM | $139,000 | 185 ft |
Most Recent Sale
Current Tax Year