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 11,738 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 510 FRANKLIN AVE W MINNEAPOLIS MN 55405 | SCHLINK FAMILY REV TRUST | LAND-COMMERCIAL | $160,200 | 104 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | MARY NOSBUSH | CONDOMINIUM | $163,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | ERIC D WYLIE | CONDOMINIUM | $111,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | TYLER THOMAS RYGH | CONDOMINIUM | $111,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | KRISTOFFER G KNUTSON | CONDOMINIUM | $173,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | BYRON FRANK | CONDOMINIUM | $111,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | MARK NOSBUSH | CONDOMINIUM | $111,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | NIKOLAS SLEMP | CONDOMINIUM | $162,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | KATHRYN KLUEGEL | CONDOMINIUM | $112,000 | 113 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | SHERRIE BROWER & GARY BROWER | CONDOMINIUM | $121,000 | 113 ft |
Most Recent Sale
Current Tax Year