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.
2 permits on record since 2008 · $84K total declared value · Most recent: Jun 2024 (roofwind)
ANCHOR ROOFING AND EXTERIORS
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
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 412 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | COMMERCIAL-PREFERRED | $132,100 | 0 ft |
| 412 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | CONDOMINIUM | $243,000 | 0 ft |
| 412 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | CONDOMINIUM | $257,000 | 0 ft |
| 412 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | COMMERCIAL-PREFERRED | $138,400 | 0 ft |
| 420 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $368,000 | 87 ft |
| 400 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | ELMLODGE PROPERTIES LLC | TRIPLEX | $780,000 | 101 ft |
| 424 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | TUPPER PROPERTIES LLC | RESIDENTIAL | $678,000 | 168 ft |
| 325 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | N DUBANAEVA & R A KASEMKHANI | RESIDENTIAL | $526,000 | 170 ft |
| 331 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | LISA KUSHNER & IAN KUSHNER | RESIDENTIAL | $545,000 | 187 ft |
| 335 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | MPLS UPTOWN RENTALS 335 LLC | RESIDENTIAL-TWO UNIT | $443,000 | 189 ft |