Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
Prospect Park - East River Road · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1256
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 3 — medium-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 7,720 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2841 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | JAKE PEKARNA | RESIDENTIAL-TWO UNIT | $552,900 | 79 ft |
| 2827 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | PROSPECT PARK ASSOC LLC | LAND-COMMERCIAL | $351,600 | 84 ft |
| 2906 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | LELAND R OLSON ET AL REV TR | RESIDENTIAL | $344,000 | 127 ft |
| 2900 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | PROSPECT PARK ASSOC LLC | LAND-COMMERCIAL | $311,000 | 144 ft |
| 45 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | G R HOWE & N HOWE | RESIDENTIAL | $383,500 | 149 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CAROLINE KARANJA | CONDOMINIUM | $108,000 | 187 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | XIN ZHOU | CONDOMINIUM | $162,000 | 187 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | V J LEHNER & D B LEHNER | CONDOMINIUM | $162,000 | 187 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J POLLACK & S POLLACK | CONDOMINIUM | $162,000 | 187 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | B C DIERKHISING/A J ADELMANN | CONDOMINIUM | $159,000 | 187 ft |
Most Recent Sale
Current Tax Year