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.
1 permit on record since 2024 · $17K total declared value · Most recent: Jun 2024 (remodel)
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 3,491 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1714 2ND AVE S MINNEAPOLIS MN 55403 | 1806 & 1810 THIRD AVE LLC | LOW INCOME RENTAL | $733,000 | 50 ft |
| 1706 2ND AVE S MINNEAPOLIS MN 55403 | STEVENS COMM ASSOC | APARTMENT | $1,469,000 | 50 ft |
| 1724 2ND AVE S MINNEAPOLIS MN 55403 | 1728 SEC AVE/1801 THIRD AVE | VACANT LAND-APARTMENT | $128,000 | 99 ft |
| 137 17TH ST E MINNEAPOLIS MN 55403 | SAINT GEORGE APARTMENTS LLC | APARTMENT | $3,139,000 | 112 ft |
| 1715 STEVENS AVE MINNEAPOLIS MN 55403 | CALICO LLC | CONDOMINIUM | $131,000 | 142 ft |
| 1715 STEVENS AVE MINNEAPOLIS MN 55403 | SHELLY KADRLIK | CONDOMINIUM | $135,000 | 142 ft |
| 1715 STEVENS AVE MINNEAPOLIS MN 55403 | LANI M PAYETTE | CONDOMINIUM | $115,000 | 142 ft |
| 1715 STEVENS AVE MINNEAPOLIS MN 55403 | MATTHIEU KYLE GEISER | CONDOMINIUM | $115,000 | 142 ft |
| 1715 STEVENS AVE MINNEAPOLIS MN 55403 | SNEH WILLIAMS | CONDOMINIUM | $118,000 | 142 ft |
| 1715 STEVENS AVE MINNEAPOLIS MN 55403 | D DAHL & M TKADLEC-NELSON | CONDOMINIUM | $118,000 | 142 ft |
Current Tax Year