On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
12 permits on record since 2009 · $1.8M total declared value · Most recent: Sep 2025 (commfdrr)
Heating and Cooling Two Inc
Absolute Mechanical LLC
Airtech Thermex LLC
HERITAGE CONSTRUCTION CO LLC
Steinkraus Plumbing Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
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
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3018 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | TEXTILE CENTER OF MINNESOTA | COMMERCIAL-PREFERRED | $0 | 100 ft |
| 25 SIDNEY PL MINNEAPOLIS MN 55414 | B E KLINE & L A GOLDMAN | APARTMENT | $883,000 | 119 ft |
| 31 SIDNEY PL MINNEAPOLIS MN 55414 | GARY C GUSTAVSON TRUST | RESIDENTIAL-TWO UNIT | $477,500 | 132 ft |
| 19 SIDNEY PL MINNEAPOLIS MN 55414 | 19 SIDNEY LLC | RESIDENTIAL-TWO UNIT | $412,000 | 147 ft |
| 3036 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | GENESIS II FOR WOMEN INC | COMMERCIAL-PREFERRED | $0 | 152 ft |
| 3014 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | N H KHATOON & H M KHAN ET AL | COMMERCIAL-PREFERRED | $1,013,000 | 155 ft |
| 35 SIDNEY PL MINNEAPOLIS MN 55414 | BRIAN PASTARR | RESIDENTIAL-TWO UNIT | $495,000 | 159 ft |
| 3008 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | KHAN & KHAN LLP | COMMERCIAL-PREFERRED | $1,070,000 | 203 ft |
| 52 MALCOLM AVE S E MINNEAPOLIS MN 55414 | R B & G L HAUG | RESIDENTIAL | $414,000 | 205 ft |
| 58 MALCOLM AVE S E MINNEAPOLIS MN 55414 | K R ANDERSON & K M ANDERSON | RESIDENTIAL | $530,400 | 236 ft |