Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
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 3-story wood frame (5–12 units) benchmarks for 3,798 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 79 BEDFORD ST S E MINNEAPOLIS MN 55414 | BETH TOSO & ERIC J FREEBURG | RESIDENTIAL | $536,100 | 50 ft |
| 71 BEDFORD ST S E MINNEAPOLIS MN 55414 | PETER A DEGAN & CARI A DEGAN | TRIPLEX | $514,600 | 50 ft |
| 83 BEDFORD ST S E MINNEAPOLIS MN 55414 | ERIK M ANDERSON | RESIDENTIAL | $416,000 | 100 ft |
| 67 BEDFORD ST S E MINNEAPOLIS MN 55414 | FRANK BERGMAN PROPERTIES LLC | APARTMENT | $607,000 | 100 ft |
| 81 BEDFORD ST S E MINNEAPOLIS MN 55414 | PARK BOARD | LAND-COMMERCIAL | $0 | 130 ft |
| 65 BEDFORD ST S E MINNEAPOLIS MN 55414 | STEVEN GAGNON | RESIDENTIAL | $433,300 | 151 ft |
| 87 BEDFORD ST S E MINNEAPOLIS MN 55414 | VIVIAN OREY REVOCABLE TRUST | RESIDENTIAL | $500,300 | 153 ft |
| 163 ORLIN AVE S E MINNEAPOLIS MN 55414 | P W HANKS & M F REINES | RESIDENTIAL | $503,000 | 163 ft |
| 3410 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | PPL 3430 UNIVERSITY LLC | COMMERCIAL-PREFERRED | $1,650,000 | 191 ft |
| 169 ORLIN AVE S E MINNEAPOLIS MN 55414 | REBECCA REGINA STRAUCHON TRS | RESIDENTIAL | $580,000 | 205 ft |
Most Recent Sale
Current Tax Year