Park Plaza Apartments

525 Humboldt Avenue North, Minneapolis, Minnesota 55405

Contact Park Plaza Apartments

Park Plaza is a 134 apartment community in near-north Minneapolis. The spacious efficiency, 1, 2 and 3 bedroom apartments feature modern applicances, new oak cabinets and balconies with great skyline views. Park Plaza is located near Olson Memorial Highway with parks, schools and libraries nearby. The Minneapolis Farmer's Market, International Market Square and Target Field are all within walking distance.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	503	$685
Two Bedroom (2/1)	992	$935
Three Bedroom (3/1)	1092	$1,175

Eligibility for Park Plaza Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Minneapolis but actual income limits may differ for units at Park Plaza Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
50%	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050

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 Park Plaza Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$43,500	$49,700	$55,900	$62,100	$67,100	$72,050
Low Income (60%)	$52,200	$59,640	$67,080	$74,520	$80,520	$86,460

Park Plaza Apartments Details

134 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Community Room
On-Site Manager
Off-Street Parking
Laundry Facility

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.