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.
No permits found in Minneapolis open data for this parcel.
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
Residential Mixed-Use 3 — higher-density mixed residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2609 4TH ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | COMMERCIAL-PREFERRED | $0 | 87 ft |
| 2635 4TH ST S E MINNEAPOLIS MN 55414 | SZ MINNEAPOLIS APTS LLC | APARTMENT | $12,202,000 | 99 ft |
| 2701 4TH ST S E MINNEAPOLIS MN 55414 | SZ MINNEAPOLIS APTS LLC | VACANT LAND-APARTMENT | $660,000 | 183 ft |
| 315 27TH AVE S E MINNEAPOLIS MN 55414 | VENTURE ACADEMY BUILDING CO | COMMERCIAL-PREFERRED | $0 | 326 ft |
| 2525 4TH ST S E MINNEAPOLIS MN 55414 | REGENTS UNIVERSITY OF MINN | COMMERCIAL-PREFERRED | $0 | 358 ft |
| 2717 4TH ST S E MINNEAPOLIS MN 55414 | SZ MINNEAPOLIS APTS LLC | APARTMENT | $31,313,000 | 360 ft |
| 420 25TH AVE S E MINNEAPOLIS MN 55414 | BURLINGTON NORTHERN RR CO | LAND - INDUSTRIAL | $865,800 | 387 ft |
| 301 29TH AVE S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | LAND - INDUSTRIAL | $0 | 396 ft |
| 2515 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 2515 UNIVERSITY AVE SE LLC | COMMERCIAL-PREFERRED | $3,611,900 | 435 ft |
| 2701 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 27TH & UNIVERSITY LLP ET AL | COMMERCIAL-PREFERRED | $5,800,000 | 476 ft |
Most Recent Sale
Current Tax Year