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.
1 permit on record since 2006 · $2.3M total declared value · Most recent: May 2006 (building re-inspection)
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 |
|---|---|---|---|---|
| 520 MALCOLM AVE S E MINNEAPOLIS MN 55414 | WALL DEVELOPMENT COMPANY LLC | INDUSTRIAL-PREFERRED | $3,100 | 184 ft |
| 528 MALCOLM AVE S E MINNEAPOLIS MN 55414 | O'SHAUGNESSY DISTILL R/E LLC | LAND-INDUSTRIAL | $220,000 | 207 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | O'SHAUGHNESSY DISTILLING R E | INDUSTRIAL-NON PREFERRED | $3,800,000 | 228 ft |
| 3171 5TH ST S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | LAND - INDUSTRIAL | $1,345,400 | 236 ft |
| 543 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | LAND - INDUSTRIAL | $57,800 | 336 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | O'SHAUGNESSY DISTILL R/E LLC | LAND-INDUSTRIAL | $1,039,100 | 340 ft |
| 520 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | INDUSTRIAL-PREFERRED | $5,600,000 | 388 ft |
| 526 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | LAND - INDUSTRIAL | $200,000 | 435 ft |
| 504 MALCOLM AVE S E MINNEAPOLIS MN 55414 | MERITEX TWIN CITIES IND I LL | INDUSTRIAL-PREFERRED | $13,500,000 | 486 ft |
| 505 MALCOLM AVE S E MINNEAPOLIS MN 55414 | MALCOLM YARDS HOUSING PROJ | LOW INCOME RENTAL | $24,720,000 | 491 ft |