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.
6 permits on record since 2018 · $445K total declared value · Most recent: Jun 2023 (remodel)
Cy-Con, Inc.
Cy-Con, Inc.
Barr Web Industries Inc
Blusky Restoration Contractors, LLC
DORGLASS INC
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 5-over-1 podium (12–50 units) benchmarks for 44,943 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 131 OAK GROVE ST MINNEAPOLIS MN 55403 | PAUL MITTELSTADT | RESIDENTIAL | $1,105,200 | 157 ft |
| 227 OAK GROVE ST MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | APARTMENT | $2,750,000 | 174 ft |
| 228 CLIFTON AVE MINNEAPOLIS MN 55403 | THE WORLD MISSION PRAYER LGE | APARTMENT | $0 | 192 ft |
| 232 CLIFTON AVE MINNEAPOLIS MN 55403 | WORLD MISSION PRAYER LEAGUE | APARTMENT | $0 | 230 ft |
| 208 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | VACANT LAND-APARTMENT | $834,100 | 242 ft |
| 200 OAK GROVE ST MINNEAPOLIS MN 55403 | C DAVID GEORGE | APARTMENT | $1,900,000 | 260 ft |
| 125 OAK GROVE ST MINNEAPOLIS MN 55403 | LORING GROVE LLC | APARTMENT | $4,415,700 | 262 ft |
| 214 OAK GROVE ST MINNEAPOLIS MN 55403 | MN BROWNSTONES LLC | APARTMENT | $2,350,000 | 271 ft |
| 233 OAK GROVE ST MINNEAPOLIS MN 55403 | GFW PROPERTIES LLC | APARTMENT | $2,750,000 | 272 ft |
| 218 OAK GROVE ST MINNEAPOLIS MN 55403 | WM & D RAHN | APARTMENT | $2,736,000 | 289 ft |
Most Recent Sale
Current Tax Year