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 ↗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.
5 permits on record since 2021 · $5K total declared value · Most recent: Sep 2021 (misc)
THE HOME DEPOT
Hero Home Services LLC
St Paul Pipeworks LLC
BONFES PLUMBING HEATING AND AIR SERVICE INC
BONFES PLUMBING HEATING AND AIR SERVICE 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 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 4,248 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 74 BEDFORD ST S E MINNEAPOLIS MN 55414 | F H FRANZEN & L CREGAN | RESIDENTIAL | $541,000 | 58 ft |
| 64 BEDFORD ST S E MINNEAPOLIS MN 55414 | UNIV BIB FEL MPLS I CHAPTER | APARTMENT | $0 | 75 ft |
| 85 CLARENCE AVE S E MINNEAPOLIS MN 55414 | C D LENDWAY & S LENDWAY | RESIDENTIAL | $487,900 | 93 ft |
| 79 CLARENCE AVE S E MINNEAPOLIS MN 55414 | C K HERMAN & W S HERMAN TRS | RESIDENTIAL | $496,000 | 132 ft |
| 60 BEDFORD ST S E MINNEAPOLIS MN 55414 | STEVEN C PAULING | RESIDENTIAL | $584,600 | 142 ft |
| 81 BEDFORD ST S E MINNEAPOLIS MN 55414 | PARK BOARD | LAND-COMMERCIAL | $0 | 155 ft |
| 58 BEDFORD ST S E MINNEAPOLIS MN 55414 | STEVEN C PAULING | RESIDENTIAL | $375,000 | 158 ft |
| 65 BEDFORD ST S E MINNEAPOLIS MN 55414 | STEVEN GAGNON | RESIDENTIAL | $433,300 | 189 ft |
| 73 CLARENCE AVE S E MINNEAPOLIS MN 55414 | KYLE C RATH & MEIGAN J RATH | RESIDENTIAL | $589,000 | 192 ft |
| 67 BEDFORD ST S E MINNEAPOLIS MN 55414 | FRANK BERGMAN PROPERTIES LLC | APARTMENT | $607,000 | 196 ft |
Most Recent Sale
Current Tax Year