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.
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 small multifamily (2–4 units, wood frame) benchmarks for 2,627 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 800 THORNTON ST S E MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $411,900 | 44 ft |
| 810 THORNTON ST S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | APARTMENT | $8,562,000 | 116 ft |
| 1306 YALE AVE MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $338,400 | 129 ft |
| MN | Unknown | — | — | 149 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | ZHONGHUA ZHU | CONDOMINIUM | $242,000 | 149 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | Z ZHU & S LONG | CONDOMINIUM | $226,000 | 149 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | J NELSON & V NELSON | CONDOMINIUM | $237,000 | 149 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | ZHONGHUA ZHU/SHENGLAN LONG | CONDOMINIUM | $235,000 | 149 ft |
| 42 27TH AVE S E MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $204,000 | 194 ft |
| MN | Unknown | — | — | 204 ft |
Most Recent Sale
Current Tax Year