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.
1 permit on record since 2025 · $39K total declared value · Most recent: Sep 2025 (roofwind)
RAYCO CONSTRUCTION INC
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
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1923 LYNDALE AVE S MINNEAPOLIS MN 55403 | STATE HIGHWAY DEPT | LAND-COMMERCIAL | $0 | 41 ft |
| 1901 LYNDALE AVE S MINNEAPOLIS MN 55403 | LYNDALE BUILDING LLC | APARTMENT | $1,203,000 | 68 ft |
| 608 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | RIDGEWOOD AVE LLC | APARTMENT | $854,000 | 106 ft |
| 1915 LYNDALE AVE S MINNEAPOLIS MN 55403 | 1915 LYNDALE HOLDING LLC | COMMERCIAL-PREFERRED | $1,168,000 | 111 ft |
| 606 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | E M HOKANSON & K P HOKANSON | RESIDENTIAL-TWO UNIT | $591,100 | 126 ft |
| 606 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | RIDGEWOOD AVE LLC | VACANT LAND-APARTMENT | $97,000 | 128 ft |
| 600 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | LEEJA MILLER | TRIPLEX | $586,700 | 162 ft |
| 524 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | GEETANJALI & SHIVA MITTAL | RESIDENTIAL | $422,000 | 204 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | DEANNA MARIE GINTER | CONDOMINIUM | $139,000 | 254 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JOHN MICHAEL HITZELBERGER | CONDOMINIUM | $139,000 | 254 ft |