ParcelLens
Property Intelligence · Twin Cities
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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 2022 · Most recent: May 2026 (commercial minor)
Weld and Sons Plumbing Inc
Warners Stellian Co 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
Urban Neighborhood 2 — moderate-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,241 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 9 MALCOLM AVE S E MINNEAPOLIS MN 55414 | SHOW HWANG | RESIDENTIAL | $247,100 | 45 ft |
| 3107 4TH ST S E MINNEAPOLIS MN 55414 | 4TH ON CAMPUS LLC | APARTMENT | $932,000 | 72 ft |
| 3109 4TH ST S E MINNEAPOLIS MN 55414 | 3109-3111 4TH STREET SE LLC | APARTMENT | $1,188,000 | 77 ft |
| 7 MALCOLM AVE S E MINNEAPOLIS MN 55414 | METROPOLITAN COUNCIL | LAND - INDUSTRIAL | $0 | 88 ft |
| 3111 4TH ST S E MINNEAPOLIS MN 55414 | 3109-3111 4TH STREET SE LLC | APARTMENT | $1,105,000 | 134 ft |
| 1 MALCOLM AVE S E MINNEAPOLIS MN 55414 | RHOMBERG-REICH PROP LLC | COMMERCIAL-PREFERRED | $1,806,000 | 180 ft |
| 3115 4TH ST S E MINNEAPOLIS MN 55414 | THOMAS E VEST | RESIDENTIAL | $388,200 | 216 ft |
| 2 MALCOLM AVE S E MINNEAPOLIS MN 55414 | KTJ 292 LLC | COMMERCIAL-PREFERRED | $1,470,000 | 218 ft |
| 21 MALCOLM AVE S E MINNEAPOLIS MN 55414 | JUDITH A LARSON | APARTMENT | $582,900 | 245 ft |
| 3110 4TH ST S E MINNEAPOLIS MN 55414 | NCSN INC | RESIDENTIAL-TWO UNIT | $361,200 | 277 ft |
Most Recent Sale
Current Tax Year