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.
4 permits on record since 2017 · $13K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Lake State Plumbing LLC
CHRIS MANGROO LLC
STAFFORD HOME SERVICE
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
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 4 27TH AVE S E MINNEAPOLIS MN 55414 | DAVID L JOHNSON | COMMERCIAL-PREFERRED | $644,000 | 80 ft |
| 22 27TH AVE S E MINNEAPOLIS MN 55414 | 22 ON THE RIVER LLC | APARTMENT | $22,596,000 | 136 ft |
| 834 THORNTON ST S E MINNEAPOLIS MN 55414 | JOANNA BAME | TRIPLEX | $467,900 | 149 ft |
| 830 THORNTON ST S E MINNEAPOLIS MN 55414 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 150 ft |
| 836 THORNTON ST S E MINNEAPOLIS MN 55414 | JOANNA BAME | RESIDENTIAL-TWO UNIT | $470,000 | 154 ft |
| 838 THORNTON ST S E MINNEAPOLIS MN 55414 | ISAAC KARLEY/MICHAEL HARRIS | VACANT LAND-RESIDENTIAL | $125,000 | 168 ft |
| 1311 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | RESIDENTIAL-TWO UNIT | $202,300 | 181 ft |
| 1319 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PRIOR LAKE LLC | APARTMENT | $770,000 | 192 ft |
| 1 27TH AVE S E MINNEAPOLIS MN 55414 | C S BUECHLER & K BOYAVAL | RESIDENTIAL | $349,500 | 207 ft |
| 1215 RIVER PKWY E MINNEAPOLIS MN 55414 | 22 ON THE RIVER LLC | VACANT LAND-APARTMENT | $237,800 | 223 ft |