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.
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 1049.02
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 |
|---|---|---|---|---|
| 920 DELAWARE ST S E MINNEAPOLIS MN 55414 | U OF M FOUND-ARGYLE HSE LLC | APARTMENT | $0 | 112 ft |
| 425 ONTARIO ST S E MINNEAPOLIS MN 55414 | U OF M FOUND-ARGYLE HSE LLC | APARTMENT | $0 | 131 ft |
| 925 DELAWARE ST S E MINNEAPOLIS MN 55414 | U/M FNDTN DINNAKEN OFFC BLDG | COMMERCIAL-PREFERRED | $0 | 269 ft |
| 912 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIVERSITY MN | COMMERCIAL-PREFERRED | $0 | 293 ft |
| 327 ONTARIO ST S E MINNEAPOLIS MN 55414 | U/M FNDTN DINNAKEN PRKNG LOT | VACANT LAND-APARTMENT | $0 | 297 ft |
| 1015 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | APARTMENT | $0 | 307 ft |
| 920 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIVERSITY MN | COMMERCIAL-PREFERRED | $0 | 317 ft |
| 501 ONTARIO ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIVERSITY MN | COMMERCIAL-PREFERRED | $0 | 317 ft |
| 914 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIVERSITY MN | COMMERCIAL-PREFERRED | $0 | 319 ft |
| 500 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIVERSITY MN | COMMERCIAL-PREFERRED | $0 | 323 ft |
Most Recent Sale
Current Tax Year