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.
1 permit on record since 2018 · $5K total declared value · Most recent: Jul 2018 (commercial multi-family)
SR Mechanical 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 55404
Source: Redfin Data Center (Invalid Date) · Zip 55404
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,531 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| MN | Unknown | — | — | 0 ft |
| 1805 3RD AVE S MINNEAPOLIS MN 55404 | ROBERT NEWELL | CONDOMINIUM | $207,000 | 0 ft |
| 1805 3RD AVE S MINNEAPOLIS MN 55404 | TRAVIS ZIMBELMAN | CONDOMINIUM | $206,000 | 0 ft |
| 1805 3RD AVE S MINNEAPOLIS MN 55404 | S KING & S S PENA | CONDOMINIUM | $195,000 | 0 ft |
| 1805 3RD AVE S MINNEAPOLIS MN 55404 | TED ALLEN & KAREN SEAY | CONDOMINIUM | $486,000 | 0 ft |
| 1801 3RD AVE S MINNEAPOLIS MN 55404 | 1728 SEC AVE/1801 THIRD AVE | LOW INCOME RENTAL | $2,339,000 | 50 ft |
| 1813 3RD AVE S MINNEAPOLIS MN 55404 | KEVIN M MACH | RESIDENTIAL | $730,200 | 75 ft |
| 1800 CLINTON AVE MINNEAPOLIS MN 55404 | LEWIS WHEELER | CONDOMINIUM | $253,000 | 142 ft |
| 1800 CLINTON AVE MINNEAPOLIS MN 55404 | RYAN J BEGA | CONDOMINIUM | $182,000 | 142 ft |
| 1800 CLINTON AVE MINNEAPOLIS MN 55404 | M FAZZIO & R S FAZZIO | CONDOMINIUM | $175,000 | 142 ft |
Most Recent Sale
Current Tax Year