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.
3 permits on record since 2017 · $17K total declared value · Most recent: Oct 2017 (commercial multi-family)
MK MECHANICAL INC
CRAFTSMEN HOME IMPROVEMENT INC
CRAFTSMEN HOME IMPROVEMENT 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
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CAROLINE KARANJA | CONDOMINIUM | $108,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | XIN ZHOU | CONDOMINIUM | $162,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | V J LEHNER & D B LEHNER | CONDOMINIUM | $162,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J POLLACK & S POLLACK | CONDOMINIUM | $162,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | B C DIERKHISING/A J ADELMANN | CONDOMINIUM | $159,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | K LOKEN & B B LOKEN | CONDOMINIUM | $159,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CONNIE C WINTER | CONDOMINIUM | $159,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JOYCE A DENNO | CONDOMINIUM | $159,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | M LARABEE & R PADUA | CONDOMINIUM | $161,000 | 0 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ALEXANDER R SCHARP ET AL | CONDOMINIUM | $161,000 | 0 ft |