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 ↗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.
4 permits on record since 2020 · $17K total declared value · Most recent: Sep 2024 (roofwind)
ADVANTAGE CONSTRUCTION
MIDWEST MAINT AND MECH
MIDWEST MAINT AND MECH
MN Plumbing & Home Services 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 3-story wood frame (5–12 units) benchmarks for 4,118 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 622 ERIE ST S E MINNEAPOLIS MN 55414 | WOOLLY MAMMOTH LLC | RESIDENTIAL-TWO UNIT | $330,600 | 42 ft |
| 628 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI ASSN | SORORITY/FRATERNITY HOUSING | $239,000 | 50 ft |
| 618 ERIE ST S E MINNEAPOLIS MN 55414 | 620ERIE LLC | APARTMENT | $2,764,000 | 75 ft |
| 632 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI ASSN | SORORITY/FRATERNITY HOUSING | $279,000 | 100 ft |
| 616 ERIE ST S E MINNEAPOLIS MN 55414 | J R PEMBLE & B G JACKSON | VACANT LAND-RESIDENTIAL | $149,000 | 108 ft |
| 636 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI PHI RHO SIG | SORORITY/FRATERNITY HOUSING | $176,000 | 138 ft |
| 614 ERIE ST S E MINNEAPOLIS MN 55414 | J R PEMBLE & B G JACKSON | RESIDENTIAL | $314,200 | 140 ft |
| 627 ONTARIO ST S E MINNEAPOLIS MN 55414 | JOHN R PEMBLE | RESIDENTIAL-TWO UNIT | $684,100 | 157 ft |
| 623 ONTARIO ST S E MINNEAPOLIS MN 55414 | LITTLE WOLVERINES LLC | RESIDENTIAL-TWO UNIT | $325,900 | 160 ft |
| 621 ONTARIO ST S E MINNEAPOLIS MN 55414 | JOHN PEMBLE | RESIDENTIAL | $258,700 | 167 ft |
Current Tax Year