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 2018 · $1.5M total declared value · Most recent: Jun 2020 (commercial multi-family)
Air Mechanical Inc
Air Mechanical Inc
Homes By Tradition
Nitti Rolloff Services Inc
All Pride Plumbing Inc
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 small multifamily (2–4 units, wood frame) benchmarks for 2,188 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2618 ESSEX ST S E MINNEAPOLIS MN 55414 | J2 CATAPULT LLC | APARTMENT | $3,440,000 | 52 ft |
| 2630 ESSEX ST S E MINNEAPOLIS MN 55414 | J2 CATAPULT LLC | APARTMENT | $4,300,000 | 53 ft |
| 133 27TH AVE S E MINNEAPOLIS MN 55414 | MARK D PARTEN & JULIE PARTEN | TRIPLEX | $930,800 | 92 ft |
| 2610 ESSEX ST S E MINNEAPOLIS MN 55414 | MAXWELL PARKING VENTURES LLC | LAND - INDUSTRIAL | $780,200 | 108 ft |
| 601 27TH AVE S E MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 250 ft |
| 2530 ESSEX ST S E MINNEAPOLIS MN 55414 | OLGA G LAY DE TASSO | COMMERCIAL-PREFERRED | $163,800 | 266 ft |
| 117 27TH AVE S E MINNEAPOLIS MN 55414 | 117 27TH AVE LLC | APARTMENT | $43,461,000 | 293 ft |
| 44 ST MARYS AVE MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 305 ft |
| 150 26TH AVE S E MINNEAPOLIS MN 55414 | APARTMENT VENTURES LLC ET AL | APARTMENT | $40,900,000 | 312 ft |
| 2510 ESSEX ST S E MINNEAPOLIS MN 55414 | M2 MINNEAPOLIS LLC | COMMERCIAL-PREFERRED | $11,096,500 | 355 ft |
Most Recent Sale
Current Tax Year