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 2014 · $170K total declared value · Most recent: Sep 2014 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Loring Park · 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 3-story wood frame (5–12 units) benchmarks for 6,033 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 125 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | APARTMENT | $4,415,700 | 107 ft |
| 215 OAK GROVE ST MINNEAPOLIS MN 55403 | GROVE ESTATES LLC | APARTMENT | $20,100,000 | 157 ft |
| 200 OAK GROVE ST MINNEAPOLIS MN 55403 | C DAVID GEORGE | APARTMENT | $1,900,000 | 217 ft |
| 1528 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $806,300 | 225 ft |
| 208 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | VACANT LAND-APARTMENT | $834,100 | 245 ft |
| 101 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | VACANT LAND-APARTMENT | $700,200 | 258 ft |
| 116 OAK GROVE ST MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | APARTMENT | $2,435,300 | 284 ft |
| 1526 SPRUCE PL MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | VACANT LAND-APARTMENT | $63,200 | 305 ft |
| 214 OAK GROVE ST MINNEAPOLIS MN 55403 | MN BROWNSTONES LLC | APARTMENT | $2,350,000 | 310 ft |
| 227 OAK GROVE ST MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | APARTMENT | $2,750,000 | 314 ft |
Most Recent Sale
Current Tax Year