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.
1 permit on record since 2024 · $10K total declared value · Most recent: Sep 2024 (roofwind)
ADVANTAGE CONSTRUCTION
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 1,545 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 632 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI ASSN | SORORITY/FRATERNITY HOUSING | $279,000 | 38 ft |
| 929 DARTMOUTH PL MINNEAPOLIS MN 55414 | ISAAC A HOFFMANN | TOWNHOUSE | $321,000 | 67 ft |
| 933 DARTMOUTH PL MINNEAPOLIS MN 55414 | M R HEARNE/L B HOLDRIDGE | TOWNHOUSE | $420,500 | 71 ft |
| 925 DARTMOUTH PL MINNEAPOLIS MN 55414 | ELIZABETH K RENGEL | TOWNHOUSE | $321,000 | 77 ft |
| 937 DARTMOUTH PL MINNEAPOLIS MN 55414 | VANDA A LENNON TRUSTEE | TOWNHOUSE | $378,800 | 85 ft |
| 628 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI ASSN | SORORITY/FRATERNITY HOUSING | $239,000 | 88 ft |
| 921 DARTMOUTH PL MINNEAPOLIS MN 55414 | SPRAGG FAMILY TRUST | TOWNHOUSE | $435,500 | 98 ft |
| 917 DARTMOUTH PL MINNEAPOLIS MN 55414 | PRIYA D KAMDAR | TOWNHOUSE | $414,100 | 119 ft |
| 624 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI ASSN | SORORITY/FRATERNITY HOUSING | $348,000 | 138 ft |
| 913 DARTMOUTH PL MINNEAPOLIS MN 55414 | SANDRA M HOPKINS DEC TR ETAL | TOWNHOUSE | $370,200 | 140 ft |
Current Tax Year