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 4,001 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 639 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | RESIDENTIAL | $279,400 | 38 ft |
| 645 ERIE ST S E MINNEAPOLIS MN 55414 | VINCENT BOYD | RESIDENTIAL | $178,000 | 50 ft |
| 637 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY OF MN | VACANT LAND-APARTMENT | $140,000 | 63 ft |
| 635 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY OF MN | VACANT LAND-APARTMENT | $140,000 | 88 ft |
| 649 ERIE ST S E MINNEAPOLIS MN 55414 | 649ERIE LLC | APARTMENT | $591,000 | 99 ft |
| 631 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY/MINNESOTA | VACANT LAND-APARTMENT | $0 | 125 ft |
| 653 ERIE ST S E MINNEAPOLIS MN 55414 | 653ERIE LLC | RESIDENTIAL-TWO UNIT | $320,700 | 142 ft |
| 638 HURON BLVD S E MINNEAPOLIS MN 55414 | JONG Y LEE | VACANT LAND-APARTMENT | $16,000 | 143 ft |
| 937 DARTMOUTH PL MINNEAPOLIS MN 55414 | VANDA A LENNON TRUSTEE | TOWNHOUSE | $378,800 | 151 ft |
| 629 ERIE ST S E MINNEAPOLIS MN 55414 | REGENTS/UNIVERSITY OF MN | VACANT LAND-APARTMENT | $140,000 | 163 ft |
Most Recent Sale
Current Tax Year