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 2023 · $19K total declared value · Most recent: Apr 2025 (res)
MN Plumbing & Home Services INC
Jerome Evans
Midwest Exteriors MN
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 3,535 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1913 STEVENS AVE MINNEAPOLIS MN 55403 | JOEL L JOHNSTON | APARTMENT | $628,000 | 50 ft |
| 1909 STEVENS AVE MINNEAPOLIS MN 55403 | WAVY GLASS GROUP LLC | TRIPLEX | $548,100 | 100 ft |
| 126 FRANKLIN AVE E MINNEAPOLIS MN 55404 | EPSTEIN PROPERTY MGMT LLC | RESIDENTIAL-TWO UNIT | $1,015,000 | 100 ft |
| 1918 2ND AVE S MINNEAPOLIS MN 55403 | MCCLAIN HOUSE LLC | APARTMENT | $589,000 | 142 ft |
| 1916 2ND AVE S MINNEAPOLIS MN 55403 | THADDEUS ARNOLD | APARTMENT | $556,000 | 150 ft |
| 1905 STEVENS AVE MINNEAPOLIS MN 55403 | GARDNER INVESTMENTS INC | APARTMENT | $2,100,000 | 151 ft |
| 1920 2ND AVE S MINNEAPOLIS MN 55403 | EPSTEIN PROPERTY MGMT LLC | LAND-COMMERCIAL | $345,600 | 174 ft |
| 1920 STEVENS AVE MINNEAPOLIS MN 55403 | LAYLA LLC | APARTMENT | $713,000 | 184 ft |
| 1912 STEVENS AVE MINNEAPOLIS MN 55403 | ANDLER APARTMENTS LLC | APARTMENT | $1,845,000 | 198 ft |
| 1901 STEVENS AVE MINNEAPOLIS MN 55403 | SHANNON PRESCOTT | CONDOMINIUM | $80,000 | 201 ft |
Most Recent Sale
Current Tax Year