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 2005 · $177K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Water Heaters Now Inc
Craftsman's Choice
Blue Ox Heating and Air 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
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 3,218 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 135 ARTHUR AVE S E MINNEAPOLIS MN 55414 | STACY LYNN SORENSON | RESIDENTIAL | $449,700 | 45 ft |
| 148 MALCOLM AVE S E MINNEAPOLIS MN 55414 | ROXANNE D BUTLER REVOC TRUST | RESIDENTIAL | $488,200 | 52 ft |
| 133 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CHRISTOPHER ROBIN ZIMMERMAN | RESIDENTIAL | $407,100 | 87 ft |
| 126 MALCOLM AVE S E MINNEAPOLIS MN 55414 | F L BARRETT-BIANCO REV LV TR | RESIDENTIAL | $506,600 | 110 ft |
| 129 ARTHUR AVE S E MINNEAPOLIS MN 55414 | VALERIE FERRIS | RESIDENTIAL-TWO UNIT | $408,400 | 129 ft |
| 120 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PAR K & BETH A LJUNGSTROM | RESIDENTIAL-TWO UNIT | $784,500 | 171 ft |
| 107 ARTHUR AVE S E MINNEAPOLIS MN 55414 | PATRICIA YOEDICKE | RESIDENTIAL | $570,200 | 175 ft |
| 117 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ALEXANDER OLSEN | RESIDENTIAL | $440,000 | 184 ft |
| 111 ARTHUR AVE S E MINNEAPOLIS MN 55414 | DEBRA ANN HLAVKA | RESIDENTIAL | $550,800 | 190 ft |
| 145 MALCOLM AVE S E MINNEAPOLIS MN 55414 | LOIS C WILLAND REV TRUST | RESIDENTIAL | $458,100 | 201 ft |
Most Recent Sale
Current Tax Year