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.
2 permits on record since 2010 · $420K total declared value · Most recent: Feb 2023 (res)
J GADTKE PLUMBING 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 small multifamily (2–4 units, wood frame) benchmarks for 2,000 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 627 OAK ST S E MINNEAPOLIS MN 55414 | FRIENDS OF ANSELM HOUSE | RESIDENTIAL-TWO UNIT | $0 | 36 ft |
| 631 OAK ST S E MINNEAPOLIS MN 55414 | NU SIGMA NU ALUMNI ASSOC | SORORITY/FRATERNITY HOUSING | $385,000 | 40 ft |
| 801 RIVER PKWY E MINNEAPOLIS MN 55414 | AMERICAN MEDICAL RESEARCH IN | RESIDENTIAL | $395,000 | 89 ft |
| 805 RIVER PKWY E MINNEAPOLIS MN 55414 | S E CASTELLANO & J B WALDEN | RESIDENTIAL | $396,000 | 153 ft |
| 626 ONTARIO ST S E MINNEAPOLIS MN 55414 | RONALD MCDONALD HSG CH/UP/MD | VACANT LAND-APARTMENT | $0 | 162 ft |
| 632 ONTARIO ST S E MINNEAPOLIS MN 55414 | THETA AUXILIERY EDUC ASSOC | SORORITY/FRATERNITY HOUSING | $534,000 | 167 ft |
| 608 ONTARIO ST S E MINNEAPOLIS MN 55414 | CHILDRENS ONCOLOGY SERVICES | APARTMENT | $0 | 181 ft |
| 636 ONTARIO ST S E MINNEAPOLIS MN 55414 | WISE INVESTMENTS 2 LLC | VACANT LAND-RESIDENTIAL | $39,000 | 187 ft |
| 638 ONTARIO ST S E MINNEAPOLIS MN 55414 | MUSKMELON LLC | RESIDENTIAL | $299,300 | 202 ft |
| 640 ONTARIO ST S E MINNEAPOLIS MN 55414 | KENNETH E CLARK | RESIDENTIAL | $383,500 | 227 ft |
Most Recent Sale
Current Tax Year