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 2019 · $7K total declared value · Most recent: Nov 2019 (misc)
TACHENY EXTERIORS
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 3,786 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 653 ERIE ST S E MINNEAPOLIS MN 55414 | 653ERIE LLC | RESIDENTIAL-TWO UNIT | $320,700 | 45 ft |
| 645 ERIE ST S E MINNEAPOLIS MN 55414 | VINCENT BOYD | RESIDENTIAL | $178,000 | 49 ft |
| 641 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | RESIDENTIAL-TWO UNIT | $397,700 | 99 ft |
| 639 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | RESIDENTIAL | $279,400 | 137 ft |
| 938 DARTMOUTH PL MINNEAPOLIS MN 55414 | T M RAND & C J NORMAN | TOWNHOUSE | $414,100 | 143 ft |
| 637 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY OF MN | VACANT LAND-APARTMENT | $140,000 | 162 ft |
| 937 DARTMOUTH PL MINNEAPOLIS MN 55414 | VANDA A LENNON TRUSTEE | TOWNHOUSE | $378,800 | 169 ft |
| 934 DARTMOUTH PL MINNEAPOLIS MN 55414 | HA PHAN & LONG QUOC DO | TOWNHOUSE | $424,800 | 175 ft |
| 929 DARTMOUTH AVE MINNEAPOLIS MN 55414 | FELOR G ROSTAMI | TOWNHOUSE | $410,900 | 177 ft |
| 635 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY OF MN | VACANT LAND-APARTMENT | $140,000 | 187 ft |
Most Recent Sale
Current Tax Year