Riverside Plaza

1525 South 4th Street, Suite 201, Minneapolis, Minnesota 55454

Contact Riverside Plaza

Riverside Plaza is located steps away from the University of Minnesota campus and downtown Minneapolis. You will find quick and easy access to 35W and I-94 to ease your daily commute. You can even leave your car at home because getting around the Twin Cities has never been easier as Metro Transit bus stops and the Hiawatha Light Rail station are all within walking distance.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	400	From $750 To $799
1 Bedroom (1/1)	575	From $1,030 To $1,090
2 Bedroom (2/1)	805	From $1,273 To $1,350
3 Bedroom (3/1)	-	Call for Price

Eligibility for Riverside Plaza

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 Riverside Plaza.

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 Riverside Plaza.

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

Riverside Plaza Details

1303 studio, one, two and three bedroom units.
High Rise
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Controlled Access
Elevator
Playground
On-Site Manager
24hr Emergency Maintenance
On-Site Maintenance
Surveillance Cameras
Laundry Facilities
Courtesy Patrol
On-Site Security

Unit Amenities

Utilities Included
Scenic View
Security System
Central Heat & Air
Oversized Windows
Private Patio and Balcony
Fire Sprinklers and Monitored Alarms

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.