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 ↗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.
3 permits on record since 2007 · $1.7M total declared value · Most recent: Sep 2025 (commfdrr)
Jayhawk Mechanical Inc
Kingfisher Construction
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 1052.04
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
Downtown Center 1 — urban core district
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1604 1ST AVE S MINNEAPOLIS MN 55403 | CENTRAL COMMNTY HSG TRST/MPL | LAND-COMMERCIAL | $3,000 | 35 ft |
| 1520 1ST AVE S MINNEAPOLIS MN 55403 | JAMES D WOELM | LAND-COMMERCIAL | $252,200 | 111 ft |
| 9 16TH ST E MINNEAPOLIS MN 55403 | FUENTES LLC | COMMERCIAL-PREFERRED | $0 | 111 ft |
| 15 15TH ST E MINNEAPOLIS MN 55403 | JAMES D WOELM | LAND-COMMERCIAL | $169,500 | 152 ft |
| 1523 NICOLLET AVE MINNEAPOLIS MN 55403 | JAMES D WOELM | COMMERCIAL-PREFERRED | $571,700 | 161 ft |
| 1601 NICOLLET AVE MINNEAPOLIS MN 55403 | FUENTES LLC | LAND-COMMERCIAL | $0 | 176 ft |
| 1508 1ST AVE S MINNEAPOLIS MN 55403 | CITY OF MPLS MUNICIPAL CORP | LAND-COMMERCIAL | $0 | 201 ft |
| 1515 NICOLLET AVE MINNEAPOLIS MN 55403 | WOELM LLC | COMMERCIAL-PREFERRED | $600,700 | 201 ft |
| 1509 NICOLLET AVE MINNEAPOLIS MN 55403 | CITY OF MPLS MUNICIPAL CORP | LAND-COMMERCIAL | $0 | 251 ft |
| 1501 NICOLLET AVE MINNEAPOLIS MN 55403 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 293 ft |
Most Recent Sale
Current Tax Year