Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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 ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2019 · $221K total declared value · Most recent: May 2026 (remodel)
OWEN MASONRY LLC
MINNESOTA EXTERIORS COMMERCIAL LLC
OWEN MASONRY LLC
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 1057
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 5,415 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1800 STEVENS AVE MINNEAPOLIS MN 55403 | STEVENS COMMUNITY ASSOC L P | APARTMENT | $2,663,000 | 65 ft |
| 1816 STEVENS AVE MINNEAPOLIS MN 55403 | 1816,182O,1830 STEVENS AVE | LOW INCOME RENTAL | $2,681,000 | 68 ft |
| 1820 STEVENS AVE MINNEAPOLIS MN 55403 | 1816,182O,1830 STEVENS AVE | LOW INCOME RENTAL | $3,303,000 | 138 ft |
| 1805 1ST AVE S MINNEAPOLIS MN 55403 | STEVENS COMMUNITY ASSOC L P | APARTMENT | $1,672,000 | 147 ft |
| 1811 1ST AVE S MINNEAPOLIS MN 55403 | STEVENS COMM ASSOCIATES LTD | APARTMENT | $1,549,000 | 156 ft |
| 1801 1ST AVE S MINNEAPOLIS MN 55403 | HOUSING 150 LLC | LOW INCOME RENTAL | $2,019,000 | 162 ft |
| 1815 1ST AVE S MINNEAPOLIS MN 55403 | 1815 1ST LLC | APARTMENT | $2,317,000 | 185 ft |
| 1826 STEVENS AVE MINNEAPOLIS MN 55403 | 1816,182O,1830 STEVENS AVE | VACANT LAND-APARTMENT | $179,200 | 208 ft |
| 1821 1ST AVE S MINNEAPOLIS MN 55403 | 1ST CLASS RES PRPTS LLC | LOW INCOME RENTAL | $101,000 | 227 ft |
| 1821 1ST AVE S MINNEAPOLIS MN 55403 | 1ST CLASS RES PRPTS LLC | LOW INCOME RENTAL | $119,000 | 227 ft |
Current Tax Year