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.
5 permits on record since 2017 · $2.5M total declared value · Most recent: Jul 2017 (commercial multi-family)
WENZEL HEATING AND AIR CONDITIONING
Budget Plumbing Corp
SYNERGY BUILDERS LLC
ALL METRO EXCAVATING INC
SYNERGY BUILDERS 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
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 5,289 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2624 ESSEX ST S E MINNEAPOLIS MN 55414 | 2624 ESSEX PARTNERS LLC | APARTMENT | $1,473,000 | 52 ft |
| 2610 ESSEX ST S E MINNEAPOLIS MN 55414 | MAXWELL PARKING VENTURES LLC | LAND - INDUSTRIAL | $780,200 | 59 ft |
| 2630 ESSEX ST S E MINNEAPOLIS MN 55414 | J2 CATAPULT LLC | APARTMENT | $4,300,000 | 102 ft |
| 133 27TH AVE S E MINNEAPOLIS MN 55414 | MARK D PARTEN & JULIE PARTEN | TRIPLEX | $930,800 | 103 ft |
| 2530 ESSEX ST S E MINNEAPOLIS MN 55414 | OLGA G LAY DE TASSO | COMMERCIAL-PREFERRED | $163,800 | 223 ft |
| 117 27TH AVE S E MINNEAPOLIS MN 55414 | 117 27TH AVE LLC | APARTMENT | $43,461,000 | 280 ft |
| 601 27TH AVE S E MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 289 ft |
| 2510 ESSEX ST S E MINNEAPOLIS MN 55414 | M2 MINNEAPOLIS LLC | COMMERCIAL-PREFERRED | $11,096,500 | 308 ft |
| 525 HURON BLVD S E MINNEAPOLIS MN 55414 | GLEN LINCOLN PARTNERS LLP | COMMERCIAL-PREFERRED | $1,477,100 | 315 ft |
| 150 26TH AVE S E MINNEAPOLIS MN 55414 | APARTMENT VENTURES LLC ET AL | APARTMENT | $40,900,000 | 329 ft |
Most Recent Sale
Current Tax Year