ParcelLens
Property Intelligence · Twin Cities
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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.
4 permits on record since 2018 · $31K total declared value · Most recent: Mar 2026 (existres)
Dean's Professional Plumbing Inc
THE WINDOW STORE INC
DBS RESIDENTIAL SOLUTIONS INC
TEAM MECHANICAL 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
Residential Mixed-Use 3 — higher-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 4,840 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 201 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | WILLEKE & DANIELS R E PTNRS | COMMERCIAL-PREFERRED | $1,081,200 | 95 ft |
| 204 FRANKLIN AVE W MINNEAPOLIS MN 55404 | DRS REAL ESTATE LLC | COMMERCIAL-PREFERRED | $727,800 | 114 ft |
| 212 FRANKLIN AVE W MINNEAPOLIS MN 55404 | TWENTY-FIRST CENT TRIBAL SVC | RESIDENTIAL | $0 | 130 ft |
| 224 FRANKLIN AVE W MINNEAPOLIS MN 55404 | TWENTY-FIRST CENT TRIBAL SVC | COMMERCIAL-PREFERRED | $0 | 201 ft |
| 122 FRANKLIN AVE W MINNEAPOLIS MN 55404 | STONEHOUSE SQUARE ASSOC LLLP | COMMERCIAL-PREFERRED | $0 | 215 ft |
| 229 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | BIGOS-RIDGEWOOD ARCHES LLC | APARTMENT | $8,100,000 | 234 ft |
| 202 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | MARTIN T SARENPA | RESIDENTIAL | $468,000 | 245 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | DAVID B SWARTHOUT | CONDOMINIUM | $217,000 | 291 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | RACHEL OBERG-HAUSER | CONDOMINIUM | $162,000 | 291 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | VUK MANDIC TRUST | CONDOMINIUM | $168,000 | 291 ft |
Most Recent Sale
Current Tax Year