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.
2 permits on record since 2025 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 1,798 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2717 DELAWARE ST S E MINNEAPOLIS MN 55414 | GUINEA PIG LLC | RESIDENTIAL-TWO UNIT | $468,400 | 66 ft |
| 215 ST MARYS AVE MINNEAPOLIS MN 55414 | KORHAN YESIL | APARTMENT | $552,000 | 67 ft |
| 2713 DELAWARE ST S E MINNEAPOLIS MN 55414 | WAYNE D WATSON/LISA ANDERSON | TRIPLEX | $618,100 | 115 ft |
| 2711 DELAWARE ST S E MINNEAPOLIS MN 55414 | WEAVER PROPERTIES LLC | RESIDENTIAL | $372,600 | 165 ft |
| 2720 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 2720 UNIVERSITY LLC | COMMERCIAL-PREFERRED | $2,000,000 | 173 ft |
| 2707 DELAWARE ST S E MINNEAPOLIS MN 55414 | W D WATSON & L E ANDERSON | RESIDENTIAL-TWO UNIT | $459,400 | 215 ft |
| 2800 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | SOUTHEAST MPLS HOTELS LLC | COMMERCIAL-PREFERRED | $11,850,000 | 230 ft |
| 2701 DELAWARE ST S E MINNEAPOLIS MN 55414 | 2701 DELAWARE ST LLC | APARTMENT | $530,200 | 264 ft |
| 2700 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | LAMBERT PROPERTIES LLC | COMMERCIAL-PREFERRED | $2,805,000 | 273 ft |
| 34 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 325 ft |
Most Recent Sale
Current Tax Year