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.
13 permits on record since 2002 · $14.0M total declared value · Most recent: Feb 2025 (commfdnr)
Modern Heating & Air Conditioning LLC
Wencl Services Inc
Horwitz LLC
Horwitz LLC
Aqualine Mechanical 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
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 |
|---|---|---|---|---|
| 522 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | INDUSTRIAL-PREFERRED | $5,200,000 | 236 ft |
| 520 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | INDUSTRIAL-PREFERRED | $5,600,000 | 256 ft |
| 504 MALCOLM AVE S E MINNEAPOLIS MN 55414 | MERITEX TWIN CITIES IND I LL | INDUSTRIAL-PREFERRED | $13,500,000 | 287 ft |
| 528 MALCOLM AVE S E MINNEAPOLIS MN 55414 | O'SHAUGNESSY DISTILL R/E LLC | LAND-INDUSTRIAL | $220,000 | 306 ft |
| 526 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | LAND - INDUSTRIAL | $200,000 | 376 ft |
| 520 MALCOLM AVE S E MINNEAPOLIS MN 55414 | WALL DEVELOPMENT COMPANY LLC | INDUSTRIAL-PREFERRED | $3,100 | 396 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | O'SHAUGNESSY DISTILL R/E LLC | LAND-INDUSTRIAL | $1,039,100 | 417 ft |
| 3201 5TH ST S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | LAND - INDUSTRIAL | $71,300 | 425 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | O'SHAUGHNESSY DISTILLING R E | INDUSTRIAL-NON PREFERRED | $3,800,000 | 447 ft |
| 543 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PANTS OPTIONAL LLC | LAND - INDUSTRIAL | $57,800 | 549 ft |