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 ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2019 · Most recent: Jul 2019 (res)
CHAMPION PLUMBING LLC
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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Residential Mixed-Use 1 — low-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 9,904 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | DAVID B SWARTHOUT | CONDOMINIUM | $217,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | RACHEL OBERG-HAUSER | CONDOMINIUM | $162,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | VUK MANDIC TRUST | CONDOMINIUM | $168,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | SARA SHIVES | CONDOMINIUM | $168,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | JACQUELINE A GEISSLER | CONDOMINIUM | $168,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | JENNIFER MEESTER | CONDOMINIUM | $168,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | OCTAVIO PEREZ MONTERO ET AL | CONDOMINIUM | $211,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | MICHAEL H SPEARS | CONDOMINIUM | $208,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | DOMENICO D'ALESSANDRO | CONDOMINIUM | $218,000 | 0 ft |
| 232 FRANKLIN AVE W MINNEAPOLIS MN 55404 | EMILEE S BUROW | CONDOMINIUM | $169,000 | 0 ft |
Most Recent Sale
Current Tax Year