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Grand Terrace Apartments

1585 Grand Avenue, Worthington, Minnesota 56187

Grand Terrace Apartments are the newest housing development in Worthington. Located on Grand Avenue, just north of Oxford Street, you'll be within minutes of everything you need. This two-story complex will include 48 units of 1, 2, and 3 bedroom apartments. Residents will be welcome to use the community room, fitness center, and on-site laundry facilities. 

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 672-689 $595
2 Bedroom (2/2) 906-967 $715
2 Bedroom (2/1) 961 $690
3 Bedroom (3/2) 1,185-1,223 $795

Grand Terrace Apartments Details

  • 48 one, two and three bedroom units.
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Fitness Center
  • Playground
  • Community Room
  • 24hr Emergency Maintenance
  • Off-Street Parking
  • Smoke Free
  • On Bus-line

Unit Amenities

  • Dishwasher
  • Microwave
  • Refrigerator
  • Water Trash and Sewer Included
  • Stove
  • Heat and Air

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.

Grand Terrace Apartments is managed by Lloyd Management.

Image of Grand Terrace Apartments
Image of Grand Terrace Apartments
Image of Grand Terrace Apartments

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