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.
3 permits on record since 2018 · $31K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
RENEWAL BY ANDERSEN CORP
WENZEL HEATING AND AIR CONDITIONING
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 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 small multifamily (2–4 units, wood frame) benchmarks for 1,565 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 83 BEDFORD ST S E MINNEAPOLIS MN 55414 | ERIK M ANDERSON | RESIDENTIAL | $416,000 | 53 ft |
| 2200 ORLIN AVE S E MINNEAPOLIS MN 55414 | PARK BOARD | LAND-COMMERCIAL | $0 | 91 ft |
| 163 ORLIN AVE S E MINNEAPOLIS MN 55414 | P W HANKS & M F REINES | RESIDENTIAL | $503,000 | 95 ft |
| 79 BEDFORD ST S E MINNEAPOLIS MN 55414 | BETH TOSO & ERIC J FREEBURG | RESIDENTIAL | $536,100 | 103 ft |
| 93 BEDFORD ST S E MINNEAPOLIS MN 55414 | B HUSTING & J C MELLSTROM | RESIDENTIAL | $356,200 | 128 ft |
| 75 BEDFORD ST S E MINNEAPOLIS MN 55414 | R C BERGMAN & N M BERGMAN | APARTMENT | $564,300 | 153 ft |
| 169 ORLIN AVE S E MINNEAPOLIS MN 55414 | REBECCA REGINA STRAUCHON TRS | RESIDENTIAL | $580,000 | 155 ft |
| 95 BEDFORD ST S E MINNEAPOLIS MN 55414 | SARAH REISER & CHRIS REISER | RESIDENTIAL | $328,400 | 165 ft |
| 78 BEDFORD ST S E MINNEAPOLIS MN 55414 | S HART & B J M HART | RESIDENTIAL | $500,800 | 183 ft |
| 164 ORLIN AVE S E MINNEAPOLIS MN 55414 | A HERSCHHORN & A HERSCHHORN | RESIDENTIAL | $478,900 | 185 ft |
Most Recent Sale
Current Tax Year