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.
62 permits on record since 2017 · $68K total declared value · Most recent: May 2026 (commfdrr)
Admiral Radon & Mechanical Services LLC
NORTHERN AIR 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
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 |
|---|---|---|---|---|
| 100 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JOANNE R KURHAJEC | RESIDENTIAL-TWO UNIT | $548,100 | 246 ft |
| 102 ARTHUR AVE S E MINNEAPOLIS MN 55414 | MEACHAM FAMILY 2017 TRUST | RESIDENTIAL | $375,000 | 251 ft |
| 92 ARTHUR AVE S E MINNEAPOLIS MN 55414 | WANAMAKER MOSKOWITZ TRUST | RESIDENTIAL | $510,900 | 257 ft |
| 88 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ELAINE T MAY REVOCABLE TRUST | RESIDENTIAL | $474,900 | 282 ft |
| 42 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 285 ft |
| 106 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ANDREW B MICKEL | RESIDENTIAL | $497,500 | 288 ft |
| 86 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JENNIFER R MICHLITSCH ET AL | RESIDENTIAL | $618,500 | 312 ft |
| 96 ST MARYS AVE MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 340 ft |
| 112 ARTHUR AVE S E MINNEAPOLIS MN 55414 | TIMOTHY JOHN SCHNABEL | RESIDENTIAL | $469,800 | 361 ft |
| 80 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JEFFREY A GOTTLIEB ET AL | RESIDENTIAL | $525,000 | 362 ft |
Current Tax Year