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.
3 permits on record since 2020 · $40K total declared value · Most recent: May 2024 (roofwind)
COLSON CUSTOM HOMES LLC
PLUMBLINE BUILDERS OF MINNEAPOLIS
Johnson Plumbing and Heating Co
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 8,905 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 306 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | SUE M OLSON TRUST | CONDOMINIUM | $416,000 | 0 ft |
| 308 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | PAUL F GLYNN | CONDOMINIUM | $404,000 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 400 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | TRIPLEX | $780,000 | 95 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JAMES WALSH & MAUREEN WALSH | CONDOMINIUM | $452,000 | 107 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | STEVEN JAMES PELOQUIN | CONDOMINIUM | $409,000 | 107 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | J S SIREK & S R LYKINS | CONDOMINIUM | $404,000 | 107 ft |
| 300 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ADRIENNE ESTES O'BRIEN ET AL | CONDOMINIUM | $336,000 | 107 ft |
| MN | Unknown | — | — | 107 ft |
| 228 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ANDREW & SHELBY MAY-PARMLEY | CONDOMINIUM | $430,000 | 188 ft |
Most Recent Sale
Current Tax Year