ParcelLens
Property Intelligence · Twin Cities
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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 ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
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 5-over-1 podium (12–50 units) benchmarks for 17,525 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 131 OAK GROVE ST MINNEAPOLIS MN 55403 | PAUL MITTELSTADT | RESIDENTIAL | $1,105,200 | 107 ft |
| 101 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | VACANT LAND-APARTMENT | $700,200 | 157 ft |
| 1528 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $806,300 | 221 ft |
| 116 OAK GROVE ST MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | APARTMENT | $2,435,300 | 242 ft |
| 215 OAK GROVE ST MINNEAPOLIS MN 55403 | GROVE ESTATES LLC | APARTMENT | $20,100,000 | 262 ft |
| 1536 LASALLE AVE MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAM LLLP | APARTMENT | $2,151,000 | 268 ft |
| 200 OAK GROVE ST MINNEAPOLIS MN 55403 | C DAVID GEORGE | APARTMENT | $1,900,000 | 271 ft |
| 1530 LASALLE AVE MINNEAPOLIS MN 55403 | COPENHAGEN-HANSEN FAM LLLP | APARTMENT | $2,259,000 | 307 ft |
| 1526 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $63,200 | 307 ft |
| 208 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | VACANT LAND-APARTMENT | $834,100 | 319 ft |
Most Recent Sale
Current Tax Year