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.
1 permit on record since 2026 · $24K total declared value · Most recent: May 2026 (roofwind)
RAYCO CONSTRUCTION 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 10,294 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 621 ONTARIO ST S E MINNEAPOLIS MN 55414 | JOHN PEMBLE | RESIDENTIAL | $258,700 | 67 ft |
| 607 ONTARIO ST S E MINNEAPOLIS MN 55414 | U OF MN FDN DINNAKEN HSG LLC | APARTMENT | $0 | 77 ft |
| 623 ONTARIO ST S E MINNEAPOLIS MN 55414 | LITTLE WOLVERINES LLC | RESIDENTIAL-TWO UNIT | $325,900 | 95 ft |
| 627 ONTARIO ST S E MINNEAPOLIS MN 55414 | JOHN R PEMBLE | RESIDENTIAL-TWO UNIT | $684,100 | 139 ft |
| 605 ONTARIO ST S E MINNEAPOLIS MN 55414 | U OF MN FDN DINNAKEN HSG LLC | APARTMENT | $0 | 148 ft |
| 614 ERIE ST S E MINNEAPOLIS MN 55414 | J R PEMBLE & B G JACKSON | RESIDENTIAL | $314,200 | 157 ft |
| 616 ERIE ST S E MINNEAPOLIS MN 55414 | J R PEMBLE & B G JACKSON | VACANT LAND-RESIDENTIAL | $149,000 | 158 ft |
| 612 ERIE ST S E MINNEAPOLIS MN 55414 | FRIENDS OF ANSELM HOUSE | RESIDENTIAL | $332,000 | 163 ft |
| 618 ERIE ST S E MINNEAPOLIS MN 55414 | 620ERIE LLC | APARTMENT | $2,764,000 | 165 ft |
| 608 ERIE ST S E MINNEAPOLIS MN 55414 | JOHN R PEMBLE | RESIDENTIAL | $362,700 | 176 ft |
Most Recent Sale
Current Tax Year