PID: 2702924349000· 4 fields stubbed (see below)

Property Overview

Parcel ID2702924349000

Lot Size15,000 sq ft (0.344 ac)

Lot Dimensions (est.)100 ft wide × 150 ft deep

Year Built—(stub)

Property Class—

OwnerUnknown

Assessed Value—(stub)

Land Value—

Building Value—

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

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 ↗

Potential programs

LIHTC 30% Basis BoostMedium

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.

Permit History

8 permits on record since 2017 · $511K total declared value · Most recent: Aug 2025 (roofwind)

RoofwindAug 2025Closed

$258K

Gassen Construction

RemodelJul 2025Closed

$9K

Red Letter Renovation LLC

RemodelAug 2021Closed

$30K

Verizon Wireless

RemodelJun 2020Closed

$80K

RIC INC

RemodelMay 2019Closed

$66K

RIC INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Steven's Square - Loring Heights · Minneapolis

Median reported rent1,079/mo

Renter-occupied81.3%

Median home value$251K

Vacancy rate14.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1056

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width90 ft

Buildable depth110 ft

Area~9,904 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	DAVID B SWARTHOUT	CONDOMINIUM	$217,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	RACHEL OBERG-HAUSER	CONDOMINIUM	$162,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	VUK MANDIC TRUST	CONDOMINIUM	$168,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	SARA SHIVES	CONDOMINIUM	$168,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	JACQUELINE A GEISSLER	CONDOMINIUM	$168,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	JENNIFER MEESTER	CONDOMINIUM	$168,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	OCTAVIO PEREZ MONTERO ET AL	CONDOMINIUM	$211,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	MICHAEL H SPEARS	CONDOMINIUM	$208,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	DOMENICO D'ALESSANDRO	CONDOMINIUM	$218,000
232 FRANKLIN AVE W MINNEAPOLIS MN 55404	LILENE L MOORE	CONDOMINIUM	$164,000

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, assessedValue, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.