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.
1 permit on record since 2012 · $60K total declared value · Most recent: Nov 2012 (building re-inspection)
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 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 8,842 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 435 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | DAVID P SABAKA | RESIDENTIAL | $288,000 | 99 ft |
| 500 FRANKLIN AVE W MINNEAPOLIS MN 55405 | 500 WEDGEWOOD LLC | APARTMENT | $3,275,000 | 106 ft |
| 434 FRANKLIN AVE W MINNEAPOLIS MN 55405 | TRAVIS MELDAHL | TRIPLEX | $606,000 | 135 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | MARY NOSBUSH | CONDOMINIUM | $163,000 | 167 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | ERIC D WYLIE | CONDOMINIUM | $111,000 | 167 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | TYLER THOMAS RYGH | CONDOMINIUM | $111,000 | 167 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | KRISTOFFER G KNUTSON | CONDOMINIUM | $173,000 | 167 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | BYRON FRANK | CONDOMINIUM | $111,000 | 167 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | MARK NOSBUSH | CONDOMINIUM | $111,000 | 167 ft |
| 504 FRANKLIN AVE W MINNEAPOLIS MN 55405 | NIKOLAS SLEMP | CONDOMINIUM | $162,000 | 167 ft |
Most Recent Sale
Current Tax Year