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 |
|---|---|---|---|---|
| 523 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 59 ft |
| 1001 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 75 ft |
| 521 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 89 ft |
| 524 HURON BLVD S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 117 ft |
| 520 HURON BLVD S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 135 ft |
| 513 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 136 ft |
| 601 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | VACANT LAND-APARTMENT | $257,500 | 141 ft |
| 1014 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | VACANT LAND-APARTMENT | $0 | 173 ft |
| 514 HURON BLVD S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 177 ft |
| 605 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | VACANT LAND-RESIDENTIAL | $168,000 | 185 ft |
Most Recent Sale
Current Tax Year