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 ↗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.
4 permits on record since 2022 · $90K total declared value · Most recent: Sep 2024 (remodel)
Tundraland Home Improvements
Tundraland Home Improvements
Canfield Creations
David P Sabaka
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 small multifamily (2–4 units, wood frame) benchmarks for 2,893 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMILA JENNY HAKAM TRUST | CONDOMINIUM | $134,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ANDREW J PILGRIM | CONDOMINIUM | $134,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMES B MCMURRAY | CONDOMINIUM | $119,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | SDS INVESTMENTS LLC | CONDOMINIUM | $148,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JANET GRATTON | CONDOMINIUM | $136,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JEFFREY MICHAEL LITTLE JR | CONDOMINIUM | $135,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | J J LEE & C LEE | CONDOMINIUM | $136,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ANN MARIE FIALA | CONDOMINIUM | $137,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | SCOTT MATULA | CONDOMINIUM | $137,000 | 76 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | MYRNA L BOURCY | CONDOMINIUM | $136,000 | 76 ft |
Most Recent Sale
Current Tax Year