The Bessemer at Seward Commons

Exceptional Connectivity
Ideally positioned in the heart of the Seward neighborhood, The Bessemer offers unmatched transit access—just one block from the Franklin Avenue LRT Station and steps from the scenic Hiawatha Bike Trail. With direct access to I 94, Highway 55, and Highway 62, residents benefit from seamless commutes to downtown Minneapolis, the University of Minnesota, and the Midtown Greenway—all within minutes.

Lifestyle-Focused Amenities
From morning workouts to evening gatherings, The Bessemer offers amenities that elevate everyday living. Residents can unwind fireside, entertain on the outdoor terrace, or stay active in the fitness center—all without leaving home. A club room, dog park, and heated underground parking round out the features that make this a truly comfortable and connected place to live.

Mission-Aligned Upside
Applying 4d tax classification to units already below the 60% AMI threshold offers immediate financial benefit while aligning with affordability goals. This approach can reduce property taxes by up to 80% on eligible units—without impacting current rental income.

Improving Property Performance
The Bessemer’s historical performance was impacted by the unprecedented challenges of the COVID-19 pandemic and the civil unrest that followed, during which temporary homeless encampments were permitted citywide as part of an emergency shelter response. One such encampment near Seward Commons created disruptions and safety concerns that affected the property and its residents.

As of January 2025, those conditions have since been addressed. The encampments have been cleared, and the Minneapolis Police Department now enforces a standing order to prevent their return. With these external challenges resolved, The Bessemer is well-positioned for operational improvement, stabilized occupancy, and long-term resident retention.

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