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 ↗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.
103 permits on record since 2008 · $50.2M total declared value · Most recent: Apr 2026 (commercial minor)
Schadegg Mechanical
True Mechanical MN
NORTH COUNTRY INSTALLATION INC
True Mechanical MN
Northern Mechanical Solutions LLC
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 |
|---|---|---|---|---|
| 132 16TH ST E MINNEAPOLIS MN 55403 | CITY OF MPLS | COMMERCIAL-PREFERRED | $0 | 441 ft |
| 1413 3RD AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 496 ft |
| 1325 1ST AVE S MINNEAPOLIS MN 55403 | SUBSTANCE CHURCH INC | COMMERCIAL-PREFERRED | $0 | 496 ft |
| 121 15TH ST E MINNEAPOLIS MN 55403 | CITY OF MPLS | COMMERCIAL-PREFERRED | $0 | 509 ft |
| 1401 3RD AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 526 ft |
| 1407 3RD AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 527 ft |
| 101 GRANT ST E MINNEAPOLIS MN 55403 | SUBSTANCE CHURCH INC | COMMERCIAL-PREFERRED | $0 | 531 ft |
| 1415 3RD AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 534 ft |
| 300 15TH ST E MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 546 ft |
| 1317 3RD AVE S MINNEAPOLIS MN 55404 | CITY OF MINNEAPOLIS | COMMERCIAL-PREFERRED | $0 | 599 ft |
Current Tax Year