The Louis

3001 4th Street Southeast, Minneapolis, MN 55414

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	2 Beds	2 Baths	935 Sq Ft

Call (612) 465-0854

Waitlist Forecast

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.

The Louis Apartments offers 70 new homes that opened in 2019 and is located in the Prospect Park Neighborhood of Minneapolis. Prospect Park is situated between the University of Minnesota to the west, St. Paul to the east, University Avenue to the north and the Mississippi River to the south. The Louis is just north of University Avenue and It is a block away from the Metro Green Line Train - Prospect Park Station. Across the Street is Fresh Thyme Farmer's Market and is close by to many shops, restaurants, businesses and parks, including the historic Witch's Tower.

Dave's Thoughts On The Louis

Because The Louis participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

The Louis Amenities

Controlled Access
Elevator
Fitness Center
BBQ and Picnic Area
Community Room
On-Site Manager
Close to Public Transportation
Garage
Central Air
Dishwasher
Microwave
Carpet
Bicycle Storage
Energy Star Appliances
Blinds
Programmable Thermostats
Laundry Facilities
Courtyard

Units at The Louis

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/2)	935ft²	Call for Price^†

Income Qualification for The Louis

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
30% AMI for PBRA Units	$26,100 / year	$29,800 / year	$33,550 / year	$37,250 / year
50% AMI for LIHTC Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year
50% AMI for PBRA Units	$43,500 / year	$49,700 / year	$55,900 / year	$62,100 / year
60% AMI for LIHTC Units	$52,200 / year	$59,640 / year	$67,080 / year	$74,520 / year
80% AMI for PBRA Units	$66,300 / year	$75,750 / year	$85,200 / year	$94,650 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Louis

Does The Louis have a waiting list?

The Louis 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 The Louis?

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 The Louis?

The Louis is managed by Aeon headquartered in Minneapolis, Minnesota.

In addition to The Louis, how many other affordable housing properties (and units) are there in Minneapolis?

In addition to The Louis, we list 246 other affordable properties in Minneapolis. Learn about these properties here. Our data research shows that there are a total of 20949 affordable units in Minneapolis.