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.
7 permits on record since 2007 · $10.7M total declared value · Most recent: Oct 2025 (commfdrr)
Gilbert Mechanical Contractors LLC
Legend Mechanical Inc
Widseth
Gilbert Mechanical Contractors LLC
Gilbert Mechanical Contractors 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
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2520 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | STATE CAPITOL FED CREDIT UN | COMMERCIAL-PREFERRED | $3,430,000 | 164 ft |
| 2529 DELAWARE ST S E MINNEAPOLIS MN 55414 | AFFINITY PLUS FED CRED UNION | LAND-COMMERCIAL | $720,000 | 193 ft |
| 2424 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | TIAM A LLC | COMMERCIAL-PREFERRED | $1,330,000 | 234 ft |
| 201 25TH AVE S E MINNEAPOLIS MN 55414 | H A PROPERTIES LLC | COMMERCIAL-PREFERRED | $1,073,000 | 265 ft |
| 2418 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | HOSSEIN AZHAKH | COMMERCIAL-PREFERRED | $1,470,000 | 270 ft |
| 2428 DELAWARE ST S E MINNEAPOLIS MN 55414 | FLT SOLHAUS LLC | APARTMENT | $13,632,000 | 338 ft |
| 1025 DELAWARE ST S E MINNEAPOLIS MN 55414 | MPLS HURON PROPERTIES I LLC | APARTMENT | $20,750,000 | 356 ft |
| 2408 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | MPLS HURON PROPERTIES I LLC | APARTMENT | $9,130,000 | 357 ft |
| 2600 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | RONIE AVILES/GRACIELA AVILES | CONDOMINIUM | $286,000 | 379 ft |
| 2600 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | MO CHEN & JING WANG | CONDOMINIUM | $189,000 | 379 ft |