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.
1 permit on record since 2024 · $4K total declared value · Most recent: Jul 2024 (misc)
Rayovation 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 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3,729 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 331 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | LISA KUSHNER & IAN KUSHNER | RESIDENTIAL | $545,000 | 83 ft |
| 1908 PLEASANT AVE MINNEAPOLIS MN 55403 | TUPPER PROPERTIES LLC | APARTMENT | $624,000 | 85 ft |
| 335 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | MPLS UPTOWN RENTALS 335 LLC | RESIDENTIAL-TWO UNIT | $443,000 | 127 ft |
| MN | Unknown | — | — | 164 ft |
| 307 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | LORY SUTTON/RICHARD SUTTON | CONDOMINIUM | $474,000 | 164 ft |
| 307 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | CHRISTOPHER JOHNSON | CONDOMINIUM | $446,000 | 164 ft |
| 307 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | STEVEN R JOHNSON | CONDOMINIUM | $334,000 | 164 ft |
| 307 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ANTHONY VINCENT BERTUCCI | CONDOMINIUM | $300,000 | 164 ft |
| 307 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | D J MUSE & R S ROONEY | CONDOMINIUM | $316,000 | 164 ft |
| 412 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | COMMERCIAL-PREFERRED | $132,100 | 170 ft |
Most Recent Sale
Current Tax Year