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 2020 · $5K total declared value · Most recent: Oct 2020 (misc)
I Wood Remodeling LLC
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 3,999 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 638 ONTARIO ST S E MINNEAPOLIS MN 55414 | MUSKMELON LLC | RESIDENTIAL | $299,300 | 38 ft |
| 642 ONTARIO ST S E MINNEAPOLIS MN 55414 | MUSKRAT LLC | RESIDENTIAL | $217,600 | 38 ft |
| 636 ONTARIO ST S E MINNEAPOLIS MN 55414 | WISE INVESTMENTS 2 LLC | VACANT LAND-RESIDENTIAL | $39,000 | 63 ft |
| 646 ONTARIO ST S E MINNEAPOLIS MN 55414 | P M PARTEN & K M PARTEN | TRIPLEX | $882,000 | 74 ft |
| 632 ONTARIO ST S E MINNEAPOLIS MN 55414 | THETA AUXILIERY EDUC ASSOC | SORORITY/FRATERNITY HOUSING | $534,000 | 112 ft |
| 805 RIVER PKWY E MINNEAPOLIS MN 55414 | S E CASTELLANO & J B WALDEN | RESIDENTIAL | $396,000 | 123 ft |
| 833 RIVER PKWY E MINNEAPOLIS MN 55414 | K J OLSON & N S OLSON | TRIPLEX | $496,300 | 144 ft |
| 901 DARTMOUTH PL MINNEAPOLIS MN 55414 | JOHN S WRIGHT | TOWNHOUSE | $450,500 | 149 ft |
| 801 RIVER PKWY E MINNEAPOLIS MN 55414 | AMERICAN MEDICAL RESEARCH IN | RESIDENTIAL | $395,000 | 168 ft |
| 905 DARTMOUTH PL MINNEAPOLIS MN 55414 | R & S HARJANI | TOWNHOUSE | $444,100 | 182 ft |
Most Recent Sale
Current Tax Year