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 ↗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 2023 · $11K total declared value · Most recent: Jul 2023 (misc)
TERRA FIRMA ESTATES INC
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
Lot dimensions are insufficient for the standard setbacks shown.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on sfr / adu benchmarks for 5 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| MN | Unknown | — | — | 52 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | ZHONGHUA ZHU | CONDOMINIUM | $242,000 | 52 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | Z ZHU & S LONG | CONDOMINIUM | $226,000 | 52 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | J NELSON & V NELSON | CONDOMINIUM | $237,000 | 52 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | ZHONGHUA ZHU/SHENGLAN LONG | CONDOMINIUM | $235,000 | 52 ft |
| 42 27TH AVE S E MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $204,000 | 68 ft |
| 800 THORNTON ST S E MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $411,900 | 121 ft |
| 804 THORNTON ST S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | VACANT LAND-APARTMENT | $181,800 | 129 ft |
| 48 27TH AVE S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | APARTMENT | $1,755,000 | 132 ft |
| 810 THORNTON ST S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | APARTMENT | $8,562,000 | 143 ft |
Most Recent Sale
Current Tax Year