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.
5 permits on record since 2018 · $7K total declared value · Most recent: Jul 2024 (res)
Salzer Plumbing LLC
CenterPoint Energy Resource Corp
Yale Mechanical
BOLECHOWSKI CONSTRUCTION LLC
CC CONCRETE
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 6,378 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3127 4TH ST S E MINNEAPOLIS MN 55414 | ANDREW GLASNOVICH | RESIDENTIAL | $369,400 | 50 ft |
| 3135 4TH ST S E MINNEAPOLIS MN 55414 | CHAO LIN | RESIDENTIAL | $453,900 | 55 ft |
| 3123 4TH ST S E MINNEAPOLIS MN 55414 | SIMONSON RATLIFF LIV TRUST | RESIDENTIAL | $386,800 | 106 ft |
| 3141 4TH ST S E MINNEAPOLIS MN 55414 | NERMEEN YOUSSEF | RESIDENTIAL | $282,000 | 114 ft |
| 3201 4TH ST S E MINNEAPOLIS MN 55414 | BONJEAN PROPERTIES V LLC | RESIDENTIAL | $347,600 | 142 ft |
| 3132 4TH ST S E MINNEAPOLIS MN 55414 | ESMOND A HIRSCHFIELD | VACANT LAND-RESIDENTIAL | $600 | 162 ft |
| 3115 4TH ST S E MINNEAPOLIS MN 55414 | THOMAS E VEST | RESIDENTIAL | $388,200 | 181 ft |
| 3205 4TH ST S E MINNEAPOLIS MN 55414 | JONATHAN GREENLEE | RESIDENTIAL | $253,000 | 191 ft |
| 3132 4TH ST S E MINNEAPOLIS MN 55414 | NICHOLAS BERG | RESIDENTIAL | $369,400 | 206 ft |
| 3138 4TH ST S E MINNEAPOLIS MN 55414 | W & R WANG | RESIDENTIAL | $291,100 | 212 ft |
Most Recent Sale
Current Tax Year