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.
13 permits on record since 2006 · $762K total declared value · Most recent: Jul 2025 (remodel)
OWEN MASONRY LLC
OWEN MASONRY LLC
MINNESOTA EXTERIORS INC
MINNESOTA EXTERIORS INC
MINNESOTA EXTERIORS 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 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 small multifamily (2–4 units, wood frame) benchmarks for 19,316 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 122 GROVELAND AVE MINNEAPOLIS MN 55403 | STEVENS COMMUNITY ASSOCIATES | VACANT LAND-APARTMENT | $30,000 | 118 ft |
| 1818 LASALLE AVE MINNEAPOLIS MN 55403 | SHREE INVESTMENTS LLC | APARTMENT | $1,279,000 | 121 ft |
| 120 GROVELAND AVE MINNEAPOLIS MN 55403 | OPEN ARMS MINN INC ETAL SU/L | RESIDENTIAL-TWO UNIT | $662,800 | 155 ft |
| 1900 LASALLE AVE MINNEAPOLIS MN 55403 | 225EVENTURE LLC | RESIDENTIAL | $2,483,300 | 191 ft |
| 124 GROVELAND AVE MINNEAPOLIS MN 55403 | SALLY SMAYLING ROTHENBERG | TRIPLEX | $655,500 | 204 ft |
| 1806 LASALLE AVE MINNEAPOLIS MN 55403 | DOWNTOWN INVESTMENTS LLC | APARTMENT | $623,000 | 217 ft |
| 20 GROVELAND AVE MINNEAPOLIS MN 55403 | STEVENS COMM ASSOCIATES LTD | APARTMENT | $2,514,000 | 252 ft |
| 128 GROVELAND AVE MINNEAPOLIS MN 55403 | A J SWENSSON & B D CLARK | RESIDENTIAL | $391,000 | 255 ft |
| 1827 LASALLE AVE MINNEAPOLIS MN 55403 | MN ASSISTANCE CNL FOR VETS | APARTMENT | $0 | 257 ft |
| 1800 LASALLE AVE MINNEAPOLIS MN 55403 | JOHNTHOMAS KANG | VACANT LAND-RESIDENTIAL | $6,000 | 282 ft |
Current Tax Year