Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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.
5 permits on record since 2017 · $4.3M total declared value · Most recent: Jun 2025 (roofwind)
ALL ELEMENTS INC
Faircon Service Co
Budget Plumbing Corp
Benson Orth General Contractors
UHL Company Inc
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1711 2ND AVE S MINNEAPOLIS MN 55403 | MINNESOTA TEEN CHALLENGE | VACANT LAND-APARTMENT | $0 | 99 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | GRAY E JOHNSTON | CONDOMINIUM | $159,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | KAREN L COONS | CONDOMINIUM | $159,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | THOMAS M VAN DE LAARSCHOT | CONDOMINIUM | $174,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | ELIZABETH NEEB | CONDOMINIUM | $200,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | DEBRA L PAHL | CONDOMINIUM | $164,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | GRAY E JOHNSTON | CONDOMINIUM | $164,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | MOHAMED ELJACK | CONDOMINIUM | $161,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | NAZIFE TULGAR | CONDOMINIUM | $150,000 | 144 ft |
| 1720 3RD AVE S MINNEAPOLIS MN 55404 | DAVID ZWAK | CONDOMINIUM | $187,000 | 144 ft |
Most Recent Sale
Current Tax Year