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 ↗Signals are based on public datasets; program eligibility requires verification.
5 permits on record since 2018 · $35K total declared value · Most recent: Aug 2025 (misc)
GREAT PLAINS WINDOWS AND DOORS
NMC EXTERIORS AND REMODELING
NMC EXTERIORS AND REMODELING
SODERLIN PLUMBING HEATING AND AIR
Water Heaters Now 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
Urban Neighborhood 2 — moderate-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 2,511 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 608 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | RIDGEWOOD AVE LLC | APARTMENT | $854,000 | 48 ft |
| 600 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | LEEJA MILLER | TRIPLEX | $586,700 | 48 ft |
| 606 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | RIDGEWOOD AVE LLC | VACANT LAND-APARTMENT | $97,000 | 84 ft |
| 524 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | GEETANJALI & SHIVA MITTAL | RESIDENTIAL | $422,000 | 99 ft |
| 1923 LYNDALE AVE S MINNEAPOLIS MN 55403 | STATE HIGHWAY DEPT | LAND-COMMERCIAL | $0 | 107 ft |
| 1915 LYNDALE AVE S MINNEAPOLIS MN 55403 | 1915 LYNDALE HOLDING LLC | COMMERCIAL-PREFERRED | $1,168,000 | 119 ft |
| 1907 LYNDALE AVE S MINNEAPOLIS MN 55403 | JW GANT INVESTMENTS LLC | APARTMENT | $1,111,000 | 126 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | DEANNA MARIE GINTER | CONDOMINIUM | $139,000 | 147 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JOHN MICHAEL HITZELBERGER | CONDOMINIUM | $139,000 | 147 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | AMY D CAZETT | CONDOMINIUM | $139,000 | 147 ft |
Most Recent Sale
Current Tax Year