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.
1 permit on record since 2024 · Most recent: Mar 2024 (res)
Urban Pine Plumbing and Mechanical 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 5,134 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3214 4TH ST S E MINNEAPOLIS MN 55414 | BRIAN TANDE ET AL | CONDOMINIUM | $342,000 | 0 ft |
| 3216 4TH ST S E MINNEAPOLIS MN 55414 | JEFF HEILMAN | CONDOMINIUM | $347,000 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 3212 4TH ST S E MINNEAPOLIS MN 55414 | MATTHEW S MILLER | RESIDENTIAL | $405,000 | 75 ft |
| 3224 4TH ST S E MINNEAPOLIS MN 55414 | FRASER COMMUNITY SERVICES | LAND-COMMERCIAL | $0 | 100 ft |
| 3228 4TH ST S E MINNEAPOLIS MN 55414 | LEONARD AND MACY CHU TRUST | CONDOMINIUM | $311,000 | 126 ft |
| 3230 4TH ST S E MINNEAPOLIS MN 55414 | ZHIHUA YU & ZILIANG JIN | CONDOMINIUM | $324,000 | 126 ft |
| 3234 4TH ST S E MINNEAPOLIS MN 55414 | SHUO ZHANG | CONDOMINIUM | $375,000 | 126 ft |
| MN | Unknown | — | — | 126 ft |
| 3204 4TH ST S E MINNEAPOLIS MN 55414 | P C GUNDERSON & M GUNDERSON | RESIDENTIAL | $431,400 | 166 ft |
Most Recent Sale
Current Tax Year