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.
5 permits on record since 2017 · $10K total declared value · Most recent: Nov 2025 (res)
FIRESIDE HEARTH AND HOME
UPTOWN PLUMBING HEATING AND COOLING
UPTOWN PLUMBING HEATING AND COOLING
CENTERPOINT ENERGY
SELA ROOFING AND REMODELING 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 1256
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-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 small multifamily (2–4 units, wood frame) benchmarks for 7,856 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1417 RIVER PKWY E MINNEAPOLIS MN 55414 | ANELISE R SAWKINS | RESIDENTIAL | $603,500 | 51 ft |
| 1425 RIVER PKWY E MINNEAPOLIS MN 55414 | A H MOHRING & B A BUENZ | RESIDENTIAL | $673,700 | 55 ft |
| 1429 RIVER PKWY E MINNEAPOLIS MN 55414 | MARGARET BERRISFORD | CONDOMINIUM | $495,000 | 102 ft |
| 1431 RIVER PKWY E MINNEAPOLIS MN 55414 | W T READ & B K READ | CONDOMINIUM | $440,000 | 102 ft |
| MN | Unknown | — | — | 102 ft |
| 1415 RIVER PKWY E MINNEAPOLIS MN 55414 | JUDITH G BRITTON TRUST | RESIDENTIAL | $626,200 | 103 ft |
| 1433 RIVER PKWY E MINNEAPOLIS MN 55414 | E E MATHERN & B J REICHUBER | RESIDENTIAL | $990,000 | 152 ft |
| 1409 RIVER PKWY E MINNEAPOLIS MN 55414 | DAVID L & DENISE Y WALDO | RESIDENTIAL | $630,800 | 158 ft |
| 914 RIVER TER E MINNEAPOLIS MN 55414 | GEORGE R BLOOM | RESIDENTIAL | $262,400 | 164 ft |
| 1512 RIVER TER E MINNEAPOLIS MN 55414 | H-P DERUITER/M A B DERUITER | RESIDENTIAL | $483,800 | 182 ft |
Most Recent Sale
Current Tax Year