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.
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 4,609 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 55 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | HSR MSP LLC | RESIDENTIAL-TWO UNIT | $432,300 | 51 ft |
| 45 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | G R HOWE & N HOWE | RESIDENTIAL | $383,500 | 54 ft |
| 59 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | F FURQUIM & R FARRIS | RESIDENTIAL | $391,300 | 100 ft |
| 2841 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | JAKE PEKARNA | RESIDENTIAL-TWO UNIT | $552,900 | 125 ft |
| 56 ARTHUR AVE S E MINNEAPOLIS MN 55414 | 56 ARTHUR LLC | RESIDENTIAL | $503,200 | 137 ft |
| 50 ARTHUR AVE S E MINNEAPOLIS MN 55414 | KYLE C RATH & MEIGAN J RATH | RESIDENTIAL-TWO UNIT | $500,800 | 141 ft |
| 34 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ROBYN F PETERSON | RESIDENTIAL | $303,200 | 142 ft |
| 30 ARTHUR AVE S E MINNEAPOLIS MN 55414 | BZ PROPERTIES LLC | APARTMENT | $1,105,000 | 144 ft |
| 38 ARTHUR AVE S E MINNEAPOLIS MN 55414 | MICHAEL R LEONARD | RESIDENTIAL-TWO UNIT | $514,800 | 150 ft |
| 60 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JEFFREY C HANNAY | RESIDENTIAL | $567,000 | 154 ft |
Current Tax Year