Ladder 260

260 Portland Ave., Minneapolis, Minnesota 55415

NOW ACCEPTING APPLICATIONS

Visit our website to submit a contact form and join our interest list.

Stay up-to-date with our community by following us on Facebook @Ladder260.

Dating back to 1909, Ladder 260 is home to the site of the former Minneapolis Fire Station 1, rich in history and rooted by community. Our affordable studio, 1-bedroom, and 2-bedroom apartment homes blend contemporary design and modern convenience with vintage touches inspired by the original fire station.

These new construction homes deliver 90 Tax Credit apartments at 60% AMI to downtown Minneapolis. Within these homes, 18 apartments are at 50% AMI including 5 Long Term Homeless apartments at 30% AMI with project-based vouchers with Minneapolis Public Housing Authority. Income limits do apply to all homes. *All of the 30% project-based voucher units are occupied; if you are interested, you can join our interest list for future availability. We still have 50% and 60% AMI apartments for rent!*

Ladder260 participates in affordable housing programs. Income limits do apply to all homes.

Community Amenities

Lobby & lounge with flex workspace
Club Room with full kitchen, shuffleboard, and foosball
The Deck with outdoor lounge and gas grills
Fitness Center featuring Life Fitness equipment
Pet Wash & Pet Relief Area
Electronic Package Concierge
On-Site Management
24/7 Emergency Maintenance
Controlled Access Entry
Interior Bike Storage with direct exterior access
Wi-Fi in all common areas

Home Amenities

Full-size in-home washer & dryer
Fully equipped kitchen w/ stainless steel appliances
First floor homes feature 118 SF fenced in patio with direct exterior access
Kitchen island or peninsula*
Walk-in closet*
Built-in linen closet*
Bathtub in every home
Built-in pantry*
Ample outlets
*in select homes

Home Finishes

Stainless steel appliances
Two-tone kitchen cabinetry
Modern shaker-style cabinetry
Wood-look luxury vinyl flooring
Kitchen island pendant lighting
Plush carpet in the bedroom(s)
Formica® laminate countertops
Matte black kitchen hardware with stainless pull-down faucet
Brushed nickel bathroom fixtures
Cultured marble bathroom countertops
Cultured marble windowsills

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	516-545	$1,248
One Bedroom (1/1)	648-783	$1,328
Two Bedroom (2/2)	966-1078	$1,586

This property is currently under construction.

Eligibility for Ladder 260

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Minneapolis but actual income limits may differ for units at Ladder 260.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100
Low Income (60%)	$52,200	$59,640	$67,080	$74,520

Ladder 260 Details

90 studio, one and two bedroom units.
Mid Rise
Water and Sewer utilities included in rent
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Controlled Access
Fitness Center
Clubhouse
On-Site Manager
24hr Emergency Maintenance
Grilling Area
Bicycle Storage
Wireless Internet Access
Resident Lounge
Community Kitchen

Unit Amenities

Walk-in Closet(s)
Kitchen Pantry
Linen Closets
Balconies or Patios Available
Washer and Dryer Included
Stainless Steel Appliances
Carpeted Bedroom

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.