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 ↗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.
6 permits on record since 2007 · $242K total declared value · Most recent: Feb 2026 (commercial minor)
Northern's Benjamin Franklin Plumbing
COLSON CUSTOM HOMES LLC
Standard Heating and Air Conditioning Inc
ECOWATER
Warners Stellian Co 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
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 4,205 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 224 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | FRANCIS X FALLON REVOC TRUST | CONDOMINIUM | $396,000 | 0 ft |
| 226 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | J E BECKER & C L PAINE | CONDOMINIUM | $385,000 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 219 GROVELAND AVE MINNEAPOLIS MN 55403 | PATRICK T EBNET LIV TR ET AL | CONDOMINIUM | $439,000 | 85 ft |
| 221 GROVELAND AVE MINNEAPOLIS MN 55403 | R O'NEAL & S O'NEAL | CONDOMINIUM | $442,000 | 85 ft |
| 223 GROVELAND AVE MINNEAPOLIS MN 55403 | P E FERREIRA & M C FERREIRA | CONDOMINIUM | $415,000 | 85 ft |
| 225 GROVELAND AVE MINNEAPOLIS MN 55403 | BRUCE HINRICHS | CONDOMINIUM | $395,000 | 85 ft |
| 227 GROVELAND AVE MINNEAPOLIS MN 55403 | JESSE D BERGLUND | CONDOMINIUM | $451,000 | 85 ft |
| MN | Unknown | — | — | 85 ft |
| 216 RIDGEWOOD AVE MINNEAPOLIS MN 55403 | JUDY A CANDELL | CONDOMINIUM | $390,000 | 95 ft |
Most Recent Sale
Current Tax Year