1500 Nicollet Avenue, Minneapolis, MN 55403
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Company Admin| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 Beds | 1 - 2 Baths | 543 - 1,262 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
LIMITED TIME OFFER: Enjoy ONE MONTH FREE!*
HURRY their new rent-restricted apartments are going fast! Submit your application paperwork quickly and easily today to reserve your brand-new home!
These open and spacious homes feature an updated kitchen, large windows showcasing natural light and a full-size washer/dryer in every home. Our thoughtfully designed community showcases beautiful indoor and outdoor spaces, including a beautiful clubroom with fireplace and kitchen, coffee and tech bar, fitness center with yoga studio, and underground heated parking available.
1500 Nicollet offers 1, 2 and 3 bedroom homes at an affordable rent. Every apartments is equipped with stainless steel appliances, gorgeous kitchen cabinetry and quartz counter tops. We have something special for everyone!
1500 Nicollet conveniently sits just blocks from Loring Park - adjacent to Downtown Minneapolis, and just minutes from Downtown's Central Business District, near major downtown area employers! With the North Loop and East End dining/shopping districts, breweries, art, recreation, and so much more just right around the corner, 1500 Nicollet truly can't be beat.
Give us a call at (763) 392-9894 today!
*1500 Nicollet participates in an affordable housing program. Household income & student status limits apply. Please call for more details. Some restrictions apply.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests 1500 Nicollet does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 543ft2 | Call for Price† |
| 1 Bedroom (1/1) | 706ft2 | Call for Price† |
| 2 Bedroom (2/2) | 1030ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1262ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year |
| 50% AMI for PBRA Units | $43,500 / year | $49,700 / year | $55,900 / year | $62,100 / year | $67,100 / year | $72,050 / year |
| 60% AMI for LIHTC Units | $52,200 / year | $59,640 / year | $67,080 / year | $74,520 / year | $80,520 / year | $86,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 1500 Nicollet have a waiting list?
1500 Nicollet probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at 1500 Nicollet?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges 1500 Nicollet?
1500 Nicollet is managed by Dominium headquartered in Plymouth, MN.
In addition to 1500 Nicollet, how many other affordable housing properties (and units) are there in Minneapolis?
In addition to 1500 Nicollet, we list 365 other affordable properties in Minneapolis. Learn about these properties here. Our data research shows that there are a total of 20859 affordable units in Minneapolis.
When was the 1500 Nicollet listing last updated?
1500 Nicollet listing on Affordable Housing Online was last updated on 11/15/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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