On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2022 · $15K total declared value · Most recent: Jul 2022 (private)
Scherber Roll Offs 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 1256
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 50 BEDFORD ST S E MINNEAPOLIS MN 55414 | MARILYN JEAN JENKINS TRUST | COMMERCIAL-PREFERRED | $685,000 | 101 ft |
| 3352 PROSPECT TER MINNEAPOLIS MN 55414 | TERRY WAYNE HOKENSON | RESIDENTIAL | $215,000 | 117 ft |
| 3348 PROSPECT TER MINNEAPOLIS MN 55414 | MATTHEW L ZERBY | RESIDENTIAL | $244,000 | 143 ft |
| 3338 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | THE TOWER HILL BUILDING LLC | COMMERCIAL-PREFERRED | $3,230,000 | 146 ft |
| 54 BEDFORD ST S E MINNEAPOLIS MN 55414 | A M BUGBEE & B J BUGBEE-TONG | RESIDENTIAL | $449,000 | 146 ft |
| 3342 PROSPECT TER MINNEAPOLIS MN 55414 | T A REAL ESTATE LLC | RESIDENTIAL | $267,200 | 178 ft |
| 58 BEDFORD ST S E MINNEAPOLIS MN 55414 | STEVEN C PAULING | RESIDENTIAL | $375,000 | 184 ft |
| 60 BEDFORD ST S E MINNEAPOLIS MN 55414 | STEVEN C PAULING | RESIDENTIAL | $584,600 | 205 ft |
| 3400 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 3400 UNIVERSITY MPLS LLC | APARTMENT | $1,468,100 | 237 ft |
| 3357 UNIVERSITY AVE S E MINNEAPOLIS MN 55414 | 3357 PROPERTIES LLC | COMMERCIAL-PREFERRED | $1,426,000 | 263 ft |