ParcelLens
Property Intelligence · Twin Cities
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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 ↗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 ↗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 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 |
|---|---|---|---|---|
| 1014 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | LAND-COMMERCIAL | $0 | 75 ft |
| 1000 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 78 ft |
| 509 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 87 ft |
| 513 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 102 ft |
| 1018 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | LAND-COMMERCIAL | $0 | 124 ft |
| 521 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 151 ft |
| 514 HURON BLVD S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 160 ft |
| 1022 ESSEX ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | LAND-COMMERCIAL | $0 | 174 ft |
| 523 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 184 ft |
| 500 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIVERSITY MN | COMMERCIAL-PREFERRED | $0 | 185 ft |
Most Recent Sale
Current Tax Year