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 2017 · Most recent: Jul 2017 (comnofdbv)
CHAMPION PLUMBING LLC
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
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 3,581 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| MN | Unknown | — | — | 0 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | ZHONGHUA ZHU | CONDOMINIUM | $242,000 | 0 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | J NELSON & V NELSON | CONDOMINIUM | $237,000 | 0 ft |
| 40 27TH AVE S E MINNEAPOLIS MN 55414 | ZHONGHUA ZHU/SHENGLAN LONG | CONDOMINIUM | $235,000 | 0 ft |
| 1306 YALE AVE MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $338,400 | 52 ft |
| 42 27TH AVE S E MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $204,000 | 58 ft |
| 810 THORNTON ST S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | APARTMENT | $8,562,000 | 118 ft |
| 804 THORNTON ST S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | VACANT LAND-APARTMENT | $181,800 | 149 ft |
| 800 THORNTON ST S E MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $411,900 | 155 ft |
| 48 27TH AVE S E MINNEAPOLIS MN 55414 | THORNTON PLACE LLC | APARTMENT | $1,755,000 | 174 ft |
Most Recent Sale
Current Tax Year