The Wellstone

620 E Franklin Avenue, Minneapolis, Minnesota 55404

Contact The Wellstone

Residents at The Wellstone enjoy a convenient downtown location complete with views of the Minneapolis skyline, spacious apartments and outdoor balconies.

Offering a blend of affordable and market rate apartments, The Wellstone opened in December 2008.

The property incorporates green building strategies which offer significant health, economic and environmental benefits for residents and the greater community. The Wellstone has a solar hot water system and an underground parking garage helps preserve the grounds for green space.

The Wellstone opened in 2008 as the third development of the South Quarter development (formerly Franklin Portland Gateway). Through a partnership between Aeon and Hope Community, the once blighted intersection of Franklin and Portland Avenues is being completely transformed into 300 high quality, mixed-income apartments and townhomes, along with new retail businesses and community space.

Other developments at the intersection are Children's Village Center, The Rose and The Jourdain. Designed to be family- and pedestrian-friendly, the South Quarter has completely changed this once vacant intersection into an attractive, vibrant community hub.

The Wellstone was named for the late Senator Paul and Sheila Wellstone, who were advocates for the revitalization of the community surrounding the Franklin Portland Gateway.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	468	$675
One Bedroom (1/1)	706	From $722 To $950
Two Bedroom (2/2)	934	$890
Three Bedroom (3/2)	1312	$980

Eligibility for The Wellstone

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 The Wellstone.

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

The Wellstone Details

49 studio, one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Controlled Access
Underground Parking
Laundry Room(s)
On-Site Laundry

Unit Amenities

Dishwasher
Walk-in Closet(s)
Scenic View
Balconies or Patios Available
Programmable Thermostats
Trash Chutes
Deluxe Cabinetry
Energy Efficient Appliances
Carpeted Bedroom

Nearby Amenities

Near Highway or Interstate

Office Hours

Day	Hours
Monday	10:00am-5:00pm
Tuesday	10:00am-5:00pm
Wednesday	10:00am-5:00pm
Thursday	10:00am-5:00pm
Friday	10:00am-5:00pm

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.