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.
No permits found in Minneapolis open data for this parcel.
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 4,839 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 623 ONTARIO ST S E MINNEAPOLIS MN 55414 | LITTLE WOLVERINES LLC | RESIDENTIAL-TWO UNIT | $325,900 | 44 ft |
| 621 ONTARIO ST S E MINNEAPOLIS MN 55414 | JOHN PEMBLE | RESIDENTIAL | $258,700 | 71 ft |
| 633 ONTARIO ST S E MINNEAPOLIS MN 55414 | EAGLE CROSSING LLC | APARTMENT | $3,348,000 | 73 ft |
| 637 ONTARIO ST S E MINNEAPOLIS MN 55414 | YAN LIN & LIMING XIE | APARTMENT | $912,000 | 137 ft |
| 615 ONTARIO ST S E MINNEAPOLIS MN 55414 | FRANK BERGMAN PROPERTIES LLC | APARTMENT | $1,901,000 | 139 ft |
| 624 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI ASSN | SORORITY/FRATERNITY HOUSING | $348,000 | 157 ft |
| 639 ONTARIO ST S E MINNEAPOLIS MN 55414 | SCHOOL DIST NO 1 | VACANT LAND-RESIDENTIAL | $1,600 | 158 ft |
| 628 ERIE ST S E MINNEAPOLIS MN 55414 | THETA TAU ALUMNI ASSN | SORORITY/FRATERNITY HOUSING | $239,000 | 161 ft |
| 622 ERIE ST S E MINNEAPOLIS MN 55414 | WOOLLY MAMMOTH LLC | RESIDENTIAL-TWO UNIT | $330,600 | 166 ft |
| 618 ERIE ST S E MINNEAPOLIS MN 55414 | 620ERIE LLC | APARTMENT | $2,764,000 | 179 ft |
Most Recent Sale
Current Tax Year