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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
25 permits on record since 2023 · $508K total declared value · Most recent: Jul 2025 (commercial minor)
Warners Stellian Co Inc
RENEWAL BY ANDERSEN CORP
RENEWAL BY ANDERSEN CORP
RENEWAL BY ANDERSEN CORP
MN Plumbing & Home Services INC
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 3 — medium-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 |
|---|---|---|---|---|
| 1815 LASALLE AVE MINNEAPOLIS MN 55403 | TARVISIUM INVEST LLC ET AL | LAND-COMMERCIAL | $174,400 | 87 ft |
| 20 GROVELAND AVE MINNEAPOLIS MN 55403 | STEVENS COMM ASSOCIATES LTD | APARTMENT | $2,514,000 | 89 ft |
| 1811 LASALLE AVE MINNEAPOLIS MN 55403 | TARVISIUM INVEST LLC ET AL | LAND-COMMERCIAL | $159,400 | 144 ft |
| 1820 NICOLLET AVE MINNEAPOLIS MN 55403 | PLYMOUTH CONG CHURCH | LAND-COMMERCIAL | $172,300 | 161 ft |
| 1824 NICOLLET AVE MINNEAPOLIS MN 55403 | PLYMOUTH CONG CHURCH OF MPLS | LAND-COMMERCIAL | $32,600 | 183 ft |
| 1809 LASALLE AVE MINNEAPOLIS MN 55403 | CITY OF MINNEAPOLIS | VACANT LAND-RESIDENTIAL | $0 | 198 ft |
| 1804 NICOLLET AVE MINNEAPOLIS MN 55403 | TARVISIUM INVEST LLC ET AL | COMMERCIAL-PREFERRED | $2,656,000 | 230 ft |
| 1801 LASALLE AVE MINNEAPOLIS MN 55403 | OHP PRESERVATION L P | LOW INCOME RENTAL | $2,234,000 | 253 ft |
| 1822 LASALLE AVE MINNEAPOLIS MN 55403 | STEVENS COMM ASSOCIATES | APARTMENT | $5,291,000 | 257 ft |
| 1806 LASALLE AVE MINNEAPOLIS MN 55403 | DOWNTOWN INVESTMENTS LLC | APARTMENT | $623,000 | 263 ft |
Most Recent Sale
Current Tax Year