Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
4 permits on record since 2020 · $20K total declared value · Most recent: Aug 2025 (misc)
Jonathan Greenlee
SELA ROOFING AND REMODELING INC
CenterPoint Energy Resource Corp
Ray N Welter Heating Co
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 6,145 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3209 4TH ST S E MINNEAPOLIS MN 55414 | BELL ESTRIN TRUST | RESIDENTIAL | $312,900 | 50 ft |
| 3201 4TH ST S E MINNEAPOLIS MN 55414 | BONJEAN PROPERTIES V LLC | RESIDENTIAL | $347,600 | 50 ft |
| 3215 4TH ST S E MINNEAPOLIS MN 55414 | ALOIDA MARIE ZARAGOZA | RESIDENTIAL | $365,300 | 100 ft |
| 3141 4TH ST S E MINNEAPOLIS MN 55414 | NERMEEN YOUSSEF | RESIDENTIAL | $282,000 | 100 ft |
| 3135 4TH ST S E MINNEAPOLIS MN 55414 | CHAO LIN | RESIDENTIAL | $453,900 | 136 ft |
| 3217 4TH ST S E MINNEAPOLIS MN 55414 | ALOIDA ZARAGOZA | RESIDENTIAL | $391,000 | 149 ft |
| 3245 4TH ST S E MINNEAPOLIS MN 55414 | ST CROIX PARTNERS LLC | LAND - INDUSTRIAL | $2,961,800 | 188 ft |
| 3131 4TH ST S E MINNEAPOLIS MN 55414 | J CLARKE & A MARTHALER | RESIDENTIAL | $421,000 | 191 ft |
| 3212 4TH ST S E MINNEAPOLIS MN 55414 | MATTHEW S MILLER | RESIDENTIAL | $405,000 | 209 ft |
| 3204 4TH ST S E MINNEAPOLIS MN 55414 | P C GUNDERSON & M GUNDERSON | RESIDENTIAL | $431,400 | 211 ft |
Most Recent Sale
Current Tax Year