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.
10 permits on record since 2017 · $28K total declared value · Most recent: Dec 2021 (remodel)
Qualtek Wireless
CenterPoint Energy Resource Corp
Gilbert Mechanical Contractors Inc
Warners Stellian Co Inc
Gilbert Mechanical Contractors Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Loring Park · 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
Residential Mixed-Use 2 — medium-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 5-over-1 podium (12–50 units) benchmarks for 67,457 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 410 GROVELAND AVE MINNEAPOLIS MN 55403 | EVA FARINA & ROBERT FARINA | CONDOMINIUM | $123,000 | 0 ft |
| 410 GROVELAND AVE MINNEAPOLIS MN 55403 | RISHIKESH C RAKESH ET AL | CONDOMINIUM | $164,000 | 0 ft |
| 410 GROVELAND AVE MINNEAPOLIS MN 55403 | RISHIKESH RAKESH ET AL | CONDOMINIUM | $96,000 | 0 ft |
| 410 GROVELAND AVE MINNEAPOLIS MN 55403 | MARY K HILE | CONDOMINIUM | $129,000 | 0 ft |
| 410 GROVELAND AVE MINNEAPOLIS MN 55403 | KENNETH D JOHNSON | CONDOMINIUM | $156,000 | 0 ft |
| 410 GROVELAND AVE MINNEAPOLIS MN 55403 | ISAAC BOYKIN/MICHELLE THOMAS | CONDOMINIUM | $101,000 | 0 ft |
| 400 GROVELAND AVE MINNEAPOLIS MN 55403 | SUMMIT HOMES ASSOCIATION | CONDOMINIUM | $160,000 | 0 ft |
| 400 GROVELAND AVE MINNEAPOLIS MN 55403 | CHARLES R LOBAN LIVING TRUST | CONDOMINIUM | $104,000 | 0 ft |
| 400 GROVELAND AVE MINNEAPOLIS MN 55403 | GRETCHEN M BURWELL | CONDOMINIUM | $134,000 | 0 ft |
| 400 GROVELAND AVE MINNEAPOLIS MN 55403 | CHRISTOPHER HAGEN | CONDOMINIUM | $111,000 | 0 ft |
Most Recent Sale
Current Tax Year