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Property Logo at 1500 Nicollet, Minnesota, 55403
Property Logo at 1500 Nicollet, Minnesota, 55403

One Bedroom (60%)

Phone Number (833) 221-3263

Park Avenue West participates in an affordable housing program. Rent at a Low Income Housing Tax Credit Program property has a rent advantage to the resident compared to other neighboring communities. Rental rates are a specific percentage below the area median income (AMI). To accommodate different household income levels, we offer 60% AMI homes and 80% AMI homes, which have different income requirements and are detailed below. This variety allows for more households to be eligible to call Park Avenue West home!

Before applying for an available floor plan, review the income limits to determine if you are eligible for a 60% AMI or 80% AMI home.

60% AMI HOMES

*(Rental rates that are 60% of the Average Median Income. More information on Tax Credit/Affordable housing here)

Application Tips and Tricks
60% - 1 Bedroom

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

Min. Income

$44,010

$44,010

--

--

Max. Income

$54,780

$62,640

--

--

60% - 2 Bedroom

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

Min. Income

$52,830

$52,830

$52,830

$52,830

Max. Income

$54,780

$62,640

$70,440

$78,240

80% AMI HOMES

*(Rental rates that are 80% of the Average Median Income. More information on Tax Credit/Affordable housing here)

80% - 1 Bedroom

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

Min. Income

$58,710

$58,710

--

--

Max. Income

$73,040

$83,520

--

--

80% - 2 Bedroom

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

Min. Income

$70,440

$70,440

$70,440

$70,440

Max. Income

$73,040

$83,520

$93,920

$104,320

The household income is based on GROSS annual income (before any deductions) earned from all sources including; wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc. The property has a minimum household income requirement of 2 times the monthly rent amount to qualify. Third-party verification will be required of all income and copies of tax returns and pay stubs may be required.

Application Tips & Tricks

One Bedroom (60%)

1 Bedroom | 1 Bathroom

1 Bedroom

1 Bathroom

Up to 810 Sq. Ft.

Pet Friendly

Example floor plan image used for reference. Please contact Management Office for specific details.

Features & Amenities

  • In-home full-size washer and dryer included
  • All utilities included
  • Fully-equipped kitchen
  • Sleek & modern kitchen cabinetry
  • Granite countertops
  • Kitchen island*
  • Designer lighting and hardware package
  • Patio or balcony*
  • Central heat and air conditioning
  • High speed internet and cable ready
Available Units

Apartment: # C311

Starting at: $1,467

Deposit: $200

Starting at $1,467

1 Apartment Available

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Phone Number (833) 221-3263

Prices and special offers valid for new residents only. Pricing and availability subject to change at any time.