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.
9 permits on record since 2002 · $2.8M total declared value · Most recent: Apr 2024 (commercial minor)
Horwitz LLC
Verizon
Julie Plante Consulting
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 34,716 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 830 THORNTON ST S E MINNEAPOLIS MN 55414 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 113 ft |
| 12 27TH AVE S E MINNEAPOLIS MN 55414 | MABEL Y GARMERS | RESIDENTIAL | $700,000 | 136 ft |
| 834 THORNTON ST S E MINNEAPOLIS MN 55414 | JOANNA BAME | TRIPLEX | $467,900 | 137 ft |
| 810 THORNTON ST S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | APARTMENT | $8,562,000 | 145 ft |
| 836 THORNTON ST S E MINNEAPOLIS MN 55414 | JOANNA BAME | RESIDENTIAL-TWO UNIT | $470,000 | 170 ft |
| 838 THORNTON ST S E MINNEAPOLIS MN 55414 | ISAAC KARLEY/MICHAEL HARRIS | VACANT LAND-RESIDENTIAL | $125,000 | 204 ft |
| 4 27TH AVE S E MINNEAPOLIS MN 55414 | DAVID L JOHNSON | COMMERCIAL-PREFERRED | $644,000 | 205 ft |
| 1311 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | RESIDENTIAL-TWO UNIT | $202,300 | 228 ft |
| 1319 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | APARTMENT | $770,000 | 246 ft |
| 804 THORNTON ST S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | VACANT LAND-APARTMENT | $181,800 | 246 ft |
Most Recent Sale
Current Tax Year