On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2019 · $4K total declared value · Most recent: Sep 2019 (misc)
BAYPORT ROOFING AND SIDING LLC
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 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 3,041 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 402 FRANKLIN AVE W MINNEAPOLIS MN 55405 | 2457 LYNDALE LLC | TRIPLEX | $523,700 | 50 ft |
| 428 FRANKLIN AVE W MINNEAPOLIS MN 55405 | JCDMTC LLC | RESIDENTIAL-TWO UNIT | $625,900 | 53 ft |
| 400 FRANKLIN AVE W MINNEAPOLIS MN 55405 | JONATHAN NEMANI/DAVID NEMANI | APARTMENT | $850,000 | 102 ft |
| 434 FRANKLIN AVE W MINNEAPOLIS MN 55405 | TRAVIS MELDAHL | TRIPLEX | $606,000 | 109 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMILA JENNY HAKAM TRUST | CONDOMINIUM | $134,000 | 123 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ANDREW J PILGRIM | CONDOMINIUM | $134,000 | 123 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMES B MCMURRAY | CONDOMINIUM | $119,000 | 123 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | SDS INVESTMENTS LLC | CONDOMINIUM | $148,000 | 123 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JANET GRATTON | CONDOMINIUM | $136,000 | 123 ft |
| 415 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JEFFREY MICHAEL LITTLE JR | CONDOMINIUM | $135,000 | 123 ft |
Most Recent Sale
Current Tax Year