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.
2 permits on record since 2025 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 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 3,506 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1101 RIVER PKWY E MINNEAPOLIS MN 55414 | EAST RIVER PARKWAY LLC | RESIDENTIAL | $484,000 | 54 ft |
| 1109 RIVER PKWY E MINNEAPOLIS MN 55414 | MARRIOT JEAN-MARIE | VACANT LAND-RESIDENTIAL | $0 | 91 ft |
| 800 SUPERIOR ST S E MINNEAPOLIS MN 55414 | S F & K A HAMMERGREN TRES | RESIDENTIAL | $423,000 | 118 ft |
| 806 SUPERIOR ST S E MINNEAPOLIS MN 55414 | TRUST AG OF ROBERT C ROSSLEY | RESIDENTIAL | $415,000 | 138 ft |
| 1115 RIVER PKWY E MINNEAPOLIS MN 55414 | TODD R DALE | RESIDENTIAL | $799,000 | 139 ft |
| 1119 RIVER PKWY E MINNEAPOLIS MN 55414 | BICH NGOC NGUYEN & HUNG T CU | RESIDENTIAL | $438,000 | 206 ft |
| 801 SUPERIOR ST S E MINNEAPOLIS MN 55414 | O Y KEIJZER & S M KEIJZER | RESIDENTIAL | $389,000 | 258 ft |
| 805 SUPERIOR ST S E MINNEAPOLIS MN 55414 | D KWAN/K KWAN/J KWAN ET AL | RESIDENTIAL | $328,000 | 285 ft |
| 743 SUPERIOR ST S E MINNEAPOLIS MN 55414 | C E IRELAND & M C HOLMES | RESIDENTIAL-TWO UNIT | $308,000 | 291 ft |
| 809 SUPERIOR ST S E MINNEAPOLIS MN 55414 | KENDRICK KAY | RESIDENTIAL | $571,000 | 292 ft |
Most Recent Sale
Current Tax Year