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.
3 permits on record since 2018 · $2K total declared value · Most recent: Jul 2024 (existres)
Professional Mechanical Services LLC
Urban Pine Plumbing and Mechanical Inc
Merrill Busch
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 3-story wood frame (5–12 units) benchmarks for 3,512 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 322 GROVELAND AVE MINNEAPOLIS MN 55403 | LD ALLEN LLC | COMMERCIAL-PREFERRED | $400,200 | 47 ft |
| 310 GROVELAND AVE MINNEAPOLIS MN 55403 | LD ALLEN LLC | COMMERCIAL-PREFERRED | $1,158,300 | 80 ft |
| 317 CLIFTON AVE MINNEAPOLIS MN 55403 | VAUGHN E FESENMAIER | APARTMENT | $1,013,000 | 132 ft |
| 309 CLIFTON AVE MINNEAPOLIS MN 55403 | EL CHAZZAWY GRP LLC | RESIDENTIAL | $1,794,200 | 149 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | JEFFERY L ORGEL | CONDOMINIUM | $435,000 | 223 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | RONALD E BERG | CONDOMINIUM | $447,000 | 223 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | BILLIE JO SCALLEN | CONDOMINIUM | $383,000 | 223 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | EICHLERSMITH FAM REV TRUST | CONDOMINIUM | $462,000 | 223 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | CARL L SCHMITZER IV | CONDOMINIUM | $239,000 | 223 ft |
| 317 GROVELAND AVE MINNEAPOLIS MN 55403 | PHILIP/MICHELLE MORRISON TR | CONDOMINIUM | $345,000 | 223 ft |
Most Recent Sale
Current Tax Year