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.
6 permits on record since 2017 · $12K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Pronto Heating & Air Conditioning Inc
Pronto Heating & Air Conditioning Inc
CHRIS MANGROO LLC
Cities 1 Plumbing and Heating 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 2 — moderate-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 3,197 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 80 CLARENCE AVE S E MINNEAPOLIS MN 55414 | S W PEABODY & M HENRICKSON | RESIDENTIAL | $392,000 | 47 ft |
| 88 CLARENCE AVE S E MINNEAPOLIS MN 55414 | TERRY C AWES TRUST | RESIDENTIAL | $648,600 | 48 ft |
| 76 CLARENCE AVE S E MINNEAPOLIS MN 55414 | N L WAREHAM & B L W WAREHAM | RESIDENTIAL | $377,300 | 94 ft |
| 92 CLARENCE AVE S E MINNEAPOLIS MN 55414 | M F BALLARD & E A BALLARD | RESIDENTIAL | $393,500 | 95 ft |
| 147 ORLIN AVE S E MINNEAPOLIS MN 55414 | SUSAN A LARSON-FLEMING | RESIDENTIAL | $604,200 | 121 ft |
| 153 ORLIN AVE S E MINNEAPOLIS MN 55414 | GINIA LYNN KLAMECKI | RESIDENTIAL | $558,000 | 133 ft |
| 72 CLARENCE AVE S E MINNEAPOLIS MN 55414 | GORMAN PARK PROPERTIES LLLP | RESIDENTIAL-TWO UNIT | $498,100 | 143 ft |
| 96 CLARENCE AVE S E MINNEAPOLIS MN 55414 | MADELON S SPRENGNETHER | RESIDENTIAL | $444,000 | 146 ft |
| 143 ORLIN AVE S E MINNEAPOLIS MN 55414 | JANE STOCKMAN | RESIDENTIAL | $525,500 | 152 ft |
| 74 BEDFORD ST S E MINNEAPOLIS MN 55414 | F H FRANZEN & L CREGAN | RESIDENTIAL | $541,000 | 171 ft |
Most Recent Sale
Current Tax Year