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.
3 permits on record since 2021 · $30K total declared value · Most recent: Dec 2025 (existres)
Residential Heating and Air Conditioning Inc
Saints Exteriors
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
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 5,658 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3217 4TH ST S E MINNEAPOLIS MN 55414 | ALOIDA ZARAGOZA | RESIDENTIAL | $391,000 | 50 ft |
| 3209 4TH ST S E MINNEAPOLIS MN 55414 | BELL ESTRIN TRUST | RESIDENTIAL | $312,900 | 50 ft |
| 3205 4TH ST S E MINNEAPOLIS MN 55414 | JONATHAN GREENLEE | RESIDENTIAL | $253,000 | 100 ft |
| 3201 4TH ST S E MINNEAPOLIS MN 55414 | BONJEAN PROPERTIES V LLC | RESIDENTIAL | $347,600 | 149 ft |
| 3245 4TH ST S E MINNEAPOLIS MN 55414 | ST CROIX PARTNERS LLC | LAND - INDUSTRIAL | $2,961,800 | 154 ft |
| 3141 4TH ST S E MINNEAPOLIS MN 55414 | NERMEEN YOUSSEF | RESIDENTIAL | $282,000 | 197 ft |
| 3214 4TH ST S E MINNEAPOLIS MN 55414 | BRIAN TANDE ET AL | CONDOMINIUM | $342,000 | 202 ft |
| 3216 4TH ST S E MINNEAPOLIS MN 55414 | JEFF HEILMAN | CONDOMINIUM | $347,000 | 202 ft |
| 3218 4TH ST S E MINNEAPOLIS MN 55414 | TIMOTHY H TURESON | CONDOMINIUM | $311,000 | 202 ft |
| MN | Unknown | — | — | 202 ft |
Most Recent Sale
Current Tax Year