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.
6 permits on record since 2023 · $94K total declared value · Most recent: Nov 2025 (misc)
Geeksuite Exteriors
Midland HVAC LLC
Geeksuite Exteriors
Water Heaters Now Inc
ALL ENERGY SOLAR 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 2,455 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 606 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | E M HOKANSON & K P HOKANSON | RESIDENTIAL-TWO UNIT | $591,100 | 48 ft |
| 524 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | GEETANJALI & SHIVA MITTAL | RESIDENTIAL | $422,000 | 51 ft |
| 606 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | RIDGEWOOD AVE LLC | VACANT LAND-APARTMENT | $97,000 | 73 ft |
| 608 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | RIDGEWOOD AVE LLC | APARTMENT | $854,000 | 96 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | DEANNA MARIE GINTER | CONDOMINIUM | $139,000 | 99 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JOHN MICHAEL HITZELBERGER | CONDOMINIUM | $139,000 | 99 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | AMY D CAZETT | CONDOMINIUM | $139,000 | 99 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | KATE LEE CHRISTENSEN | CONDOMINIUM | $151,000 | 99 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | B K WALKER & R J WALKER | CONDOMINIUM | $139,000 | 99 ft |
| 522 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | PARKER R SMITH | CONDOMINIUM | $139,000 | 99 ft |
Most Recent Sale
Current Tax Year