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.
1 permit on record since 2020 · $25K total declared value · Most recent: Feb 2020 (private)
Kevitt Excavating LLC
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 1049.02
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 3-story wood frame (5–12 units) benchmarks for 3,099 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 605 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | VACANT LAND-RESIDENTIAL | $168,000 | 45 ft |
| 607 ERIE ST S E MINNEAPOLIS MN 55414 | ERIE PROPERTIES LLC | RESIDENTIAL | $321,800 | 89 ft |
| 1014 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | VACANT LAND-APARTMENT | $0 | 110 ft |
| 613 ERIE ST S E MINNEAPOLIS MN 55414 | UNIVERSITY OF MINNESOTA | VACANT LAND-APARTMENT | $196,000 | 128 ft |
| 1007 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 141 ft |
| 1001 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 141 ft |
| 1018 FULTON ST S E MINNEAPOLIS MN 55414 | REGENTS OF THE UNIV OF MN | VACANT LAND-APARTMENT | $0 | 144 ft |
| 926 FULTON ST S E MINNEAPOLIS MN 55414 | WILLIAM K CHAN & MAY CHAN | APARTMENT | $661,000 | 155 ft |
| 617 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | RESIDENTIAL-TWO UNIT | $560,200 | 170 ft |
| 523 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS OF UNIV OF MINNESOTA | VACANT LAND-APARTMENT | $0 | 185 ft |
Most Recent Sale
Current Tax Year