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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 small multifamily (2–4 units, wood frame) benchmarks for 2,150 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1311 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | RESIDENTIAL-TWO UNIT | $202,300 | 25 ft |
| 836 THORNTON ST S E MINNEAPOLIS MN 55414 | JOANNA BAME | RESIDENTIAL-TWO UNIT | $470,000 | 38 ft |
| 1319 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | APARTMENT | $770,000 | 44 ft |
| 834 THORNTON ST S E MINNEAPOLIS MN 55414 | JOANNA BAME | TRIPLEX | $467,900 | 75 ft |
| 830 THORNTON ST S E MINNEAPOLIS MN 55414 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 104 ft |
| 4 27TH AVE S E MINNEAPOLIS MN 55414 | DAVID L JOHNSON | COMMERCIAL-PREFERRED | $644,000 | 142 ft |
| 1307 RIVER PKWY E MINNEAPOLIS MN 55414 | J BUPP & R H BUPP | RESIDENTIAL | $875,000 | 166 ft |
| 12 27TH AVE S E MINNEAPOLIS MN 55414 | MABEL Y GARMERS | RESIDENTIAL | $700,000 | 168 ft |
| MN | Unknown | — | — | 198 ft |
| 829 THORNTON ST S E MINNEAPOLIS MN 55414 | ALICIA D MENANTEAU | CONDOMINIUM | $485,000 | 198 ft |
Most Recent Sale
Current Tax Year