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 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
Residential Mixed-Use 1 — low-density mixed 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 3,170 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 428 FRANKLIN AVE W MINNEAPOLIS MN 55405 | JCDMTC LLC | RESIDENTIAL-TWO UNIT | $625,900 | 56 ft |
| 500 FRANKLIN AVE W MINNEAPOLIS MN 55405 | 500 WEDGEWOOD LLC | APARTMENT | $3,275,000 | 94 ft |
| 424 FRANKLIN AVE W MINNEAPOLIS MN 55405 | LEWIS CALEB BROWN | TRIPLEX | $448,600 | 109 ft |
| 435 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | DAVID P SABAKA | RESIDENTIAL | $288,000 | 116 ft |
| 441 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | 441 RIDGEWOOD LLC | APARTMENT | $2,775,000 | 135 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMILA JENNY HAKAM TRUST | CONDOMINIUM | $134,000 | 152 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ANDREW J PILGRIM | CONDOMINIUM | $134,000 | 152 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMES B MCMURRAY | CONDOMINIUM | $119,000 | 152 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | SDS INVESTMENTS LLC | CONDOMINIUM | $148,000 | 152 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JANET GRATTON | CONDOMINIUM | $136,000 | 152 ft |
Most Recent Sale
Current Tax Year