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 2014 · $123K total declared value · Most recent: Jan 2026 (existres)
STAFFORD HOME SERVICE
STORM GROUP ROOFING LLC
STORM GROUP ROOFING LLC
SEDGWICK HEATING & AIR CONDITIONING
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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 1 — low-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 6,028 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 400 FRANKLIN AVE W MINNEAPOLIS MN 55405 | JONATHAN NEMANI/DAVID NEMANI | APARTMENT | $850,000 | 62 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | LINDA J SEMON TRUSTEE | CONDOMINIUM | $357,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | ZACHARY R SCHROEDER | CONDOMINIUM | $226,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | DONTARRIOUS THOMAS | CONDOMINIUM | $357,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | S W SCHMITZ & R W LILLIGREN | CONDOMINIUM | $380,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | MERCURY MN LLC | CONDOMINIUM | $349,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | RAJIN S OLSON | CONDOMINIUM | $347,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | ANNE L BRADY & PETER S BRADY | CONDOMINIUM | $357,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | ANNE WYRE | CONDOMINIUM | $202,000 | 97 ft |
| 1926 PLEASANT AVE MINNEAPOLIS MN 55403 | S J FLETCHER/T C SCHUMACHER | CONDOMINIUM | $344,000 | 97 ft |
Most Recent Sale
Current Tax Year