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.
37 permits on record since 2017 · $340K total declared value · Most recent: Dec 2025 (commfdrr)
SEDGWICK HEATING & AIR CONDITIONING
MN Plumbing & Home Services INC
Warners Stellian Co Inc
Trenk Mechanical LLC
Warners Stellian Co 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 1049.02
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 805 THORNTON ST S E MINNEAPOLIS MN 55414 | DIANE L CUSHMAN | CONDOMINIUM | $432,000 | 0 ft |
| 803 THORNTON ST S E MINNEAPOLIS MN 55414 | SCOTT B TEMPEL | CONDOMINIUM | $368,000 | 0 ft |
| 801 THORNTON ST S E MINNEAPOLIS MN 55414 | PATHWAYS HOLDINGS LLC | CONDOMINIUM | $457,000 | 0 ft |
| MN | Unknown | — | — | 163 ft |
| 815 THORNTON ST S E MINNEAPOLIS MN 55414 | A STOERI & M STOERI | CONDOMINIUM | $447,000 | 163 ft |
| 813 THORNTON ST S E MINNEAPOLIS MN 55414 | JAMES PARKIN & JANET PARKIN | CONDOMINIUM | $375,000 | 163 ft |
| 811 THORNTON ST S E MINNEAPOLIS MN 55414 | LINDSAY G BEDEAUX ET AL | CONDOMINIUM | $338,000 | 163 ft |
| 809 THORNTON ST S E MINNEAPOLIS MN 55414 | SCOTT G STARKWEATHER | CONDOMINIUM | $379,000 | 163 ft |
| 807 THORNTON ST S E MINNEAPOLIS MN 55414 | JEREMY THOMAS SANDERS | CONDOMINIUM | $444,000 | 163 ft |
| 800 THORNTON ST S E MINNEAPOLIS MN 55414 | D A HORNIG & B M HORNIG | RESIDENTIAL | $411,900 | 204 ft |