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 ↗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.
2 permits on record since 2021 · $13K total declared value · Most recent: Jun 2022 (remodel)
Holmlund Masonry Inc
CenterPoint Energy Resource Corp
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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
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 |
|---|---|---|---|---|
| 3111 4TH ST S E MINNEAPOLIS MN 55414 | 3109-3111 4TH STREET SE LLC | APARTMENT | $1,105,000 | 57 ft |
| 3107 4TH ST S E MINNEAPOLIS MN 55414 | 4TH ON CAMPUS LLC | APARTMENT | $932,000 | 75 ft |
| 15 MALCOLM AVE S E MINNEAPOLIS MN 55414 | MATTHEW MOTTL & LOGAN MOTTL | APARTMENT | $551,200 | 77 ft |
| 9 MALCOLM AVE S E MINNEAPOLIS MN 55414 | SHOW HWANG | RESIDENTIAL | $247,100 | 114 ft |
| 3115 4TH ST S E MINNEAPOLIS MN 55414 | THOMAS E VEST | RESIDENTIAL | $388,200 | 140 ft |
| 7 MALCOLM AVE S E MINNEAPOLIS MN 55414 | METROPOLITAN COUNCIL | LAND - INDUSTRIAL | $0 | 143 ft |
| 1 MALCOLM AVE S E MINNEAPOLIS MN 55414 | RHOMBERG-REICH PROP LLC | COMMERCIAL-PREFERRED | $1,806,000 | 185 ft |
| 3123 4TH ST S E MINNEAPOLIS MN 55414 | SIMONSON RATLIFF LIV TRUST | RESIDENTIAL | $386,800 | 214 ft |
| 21 MALCOLM AVE S E MINNEAPOLIS MN 55414 | JUDITH A LARSON | APARTMENT | $582,900 | 234 ft |
| 3110 4TH ST S E MINNEAPOLIS MN 55414 | NCSN INC | RESIDENTIAL-TWO UNIT | $361,200 | 237 ft |