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 1256
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 7,030 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 907 THORNTON ST S E MINNEAPOLIS MN 55414 | ELIDA KRISTEN HOLTE | RESIDENTIAL | $460,000 | 74 ft |
| 913 THORNTON ST S E MINNEAPOLIS MN 55414 | K N JORENBY & T JORENBY | RESIDENTIAL | $514,800 | 130 ft |
| 904 RIVER TER E MINNEAPOLIS MN 55414 | RANDI E JOHNSON TRUST | RESIDENTIAL | $396,200 | 149 ft |
| 900 RIVER TER E MINNEAPOLIS MN 55414 | NICHOLAS B ELLER | RESIDENTIAL | $327,200 | 152 ft |
| 908 RIVER TER E MINNEAPOLIS MN 55414 | ABBY L KAEMPFER | RESIDENTIAL | $516,000 | 159 ft |
| 910 RIVER TER E MINNEAPOLIS MN 55414 | MICHAEL J DIXON | RESIDENTIAL-TWO UNIT | $391,600 | 178 ft |
| 1401 RIVER PKWY E MINNEAPOLIS MN 55414 | R J & S C ROSCOE | RESIDENTIAL | $566,300 | 190 ft |
| 914 RIVER TER E MINNEAPOLIS MN 55414 | GEORGE R BLOOM | RESIDENTIAL | $262,400 | 199 ft |
| 1307 RIVER PKWY E MINNEAPOLIS MN 55414 | J BUPP & R H BUPP | RESIDENTIAL | $875,000 | 200 ft |
| 1413 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | DONALD BENJAMIN CAMERON ETAL | CONDOMINIUM | $476,000 | 201 ft |
Most Recent Sale
Current Tax Year