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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
30 permits on record since 2017 · $20K total declared value · Most recent: Mar 2026 (commercial minor)
Admiral Radon & Mechanical Services LLC
NORTHERN AIR CORP
NORTHERN AIR CORP
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 1049.02
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 3 — medium-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 80 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JEFFREY A GOTTLIEB ET AL | RESIDENTIAL | $525,000 | 230 ft |
| 72 ARTHUR AVE S E MINNEAPOLIS MN 55414 | DOUGLAS S & SANDRA VIGOREN | RESIDENTIAL-TWO UNIT | $584,600 | 231 ft |
| 59 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | F FURQUIM & R FARRIS | RESIDENTIAL | $391,300 | 241 ft |
| 70 ARTHUR AVE S E MINNEAPOLIS MN 55414 | G L BERNSTEIN & R K SCHOW | RESIDENTIAL | $810,000 | 241 ft |
| 86 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JENNIFER R MICHLITSCH ET AL | RESIDENTIAL | $618,500 | 243 ft |
| 88 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ELAINE T MAY REVOCABLE TRUST | RESIDENTIAL | $474,900 | 263 ft |
| 55 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | HSR MSP LLC | RESIDENTIAL-TWO UNIT | $432,300 | 264 ft |
| 34 WILLIAMS AVE SE MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 274 ft |
| 64 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ARUNIMA SHINEY-AJAY | RESIDENTIAL | $378,000 | 275 ft |
| 2838 DELAWARE ST S E MINNEAPOLIS MN 55414 | MPLS PUBLIC HOUSING AUTH | APARTMENT | $0 | 285 ft |
Current Tax Year