Gus Johnson Plaza

Overview

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Gus Johnson Plaza Apartments is a prominent residential community located in Mankato, Minnesota. Built in 1981, this six-story building comprises 108 units, offering a variety of floor plans ranging from 800 to 963 square feet. The plaza provides affordable housing options through Low Income Housing Tax Credits (LIHTC) and Section 8 Project-Based Rental Assistance (PBRA), making it accessible to a diverse group of residents.

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With an emphasis on affordability, rent at Gus Johnson Plaza is determined based on 30% of the resident’s adjusted income. While there is currently a waiting list, prospective tenants are encouraged to inquire about upcoming availabilities. This community is well-known for its inclusive and supportive environment, contributing to the overall quality of life for its residents.

Gus Johnson Plaza Apartments boasts a range of amenities designed to enhance the living experience. These include spacious living areas, modern kitchen appliances, and access to public transportation. Residents can also enjoy the convenience of nearby shopping, dining, and recreational activities within the vibrant neighborhood of Mankato.

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Amenities and Features

Modern kitchen appliances
Spacious living areas
Access to public transportation
Proximity to shopping and dining
Recreational activities nearby

Gus Johnson Plaza Location

Address: 413 N 4th St Ste A, Mankato, MN 56001

Phone: 507-345-1497

Website: https://www.apartments.com/gus-johnson-plaza-apartments-mankato-mn/xkjedcp/

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About Mankato, Minnesota

Mankato, a city located in the state of Minnesota (MN), is home to a population of approximately 44,444 people. Mankato boasts a median age of 26.5, with around 16.8% of its residents aged 60 or above. 4.4% of the population identifies as US Veterans. 11.8% of Mankato residents are disabled. The city has an average household income of $61,726, while the unemployment rate stands at 4.2%, and around 22.5% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Mankato is $235,534, with a monthly rent averaging $1,023.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.