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.
40 permits on record since 2017 · $84K total declared value · Most recent: Jan 2026 (commercial minor)
NORTHERN AIR CORP
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
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 |
|---|---|---|---|---|
| 601 27TH AVE S E MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | VACANT LAND-APARTMENT | $0 | 137 ft |
| 2630 ESSEX ST S E MINNEAPOLIS MN 55414 | J2 CATAPULT LLC | APARTMENT | $4,300,000 | 252 ft |
| 96 ST MARYS AVE MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 278 ft |
| 2701 ESSEX ST S E MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 281 ft |
| 133 27TH AVE S E MINNEAPOLIS MN 55414 | MARK D PARTEN & JULIE PARTEN | TRIPLEX | $930,800 | 291 ft |
| 2624 ESSEX ST S E MINNEAPOLIS MN 55414 | 2624 ESSEX PARTNERS LLC | APARTMENT | $1,473,000 | 305 ft |
| 2618 ESSEX ST S E MINNEAPOLIS MN 55414 | J2 CATAPULT LLC | APARTMENT | $3,440,000 | 354 ft |
| 2610 ESSEX ST S E MINNEAPOLIS MN 55414 | MAXWELL PARKING VENTURES LLC | LAND - INDUSTRIAL | $780,200 | 399 ft |
| 2838 DELAWARE ST S E MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 411 ft |
| 117 27TH AVE S E MINNEAPOLIS MN 55414 | 117 27TH AVE LLC | APARTMENT | $43,461,000 | 417 ft |
Current Tax Year