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.
3 permits on record since 2019 · $9K total declared value · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
Standard Heating and Air Conditioning Inc
RENEWAL BY ANDERSEN 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 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 3,928 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 38 ARTHUR AVE S E MINNEAPOLIS MN 55414 | MICHAEL R LEONARD | RESIDENTIAL-TWO UNIT | $514,800 | 50 ft |
| 30 ARTHUR AVE S E MINNEAPOLIS MN 55414 | BZ PROPERTIES LLC | APARTMENT | $1,105,000 | 54 ft |
| 44 ARTHUR AVE S E MINNEAPOLIS MN 55414 | MATTHEW EUGENE BERVEN & WIFE | RESIDENTIAL | $483,000 | 103 ft |
| 50 ARTHUR AVE S E MINNEAPOLIS MN 55414 | KYLE C RATH & MEIGAN J RATH | RESIDENTIAL-TWO UNIT | $500,800 | 120 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CAROLINE KARANJA | CONDOMINIUM | $108,000 | 137 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | XIN ZHOU | CONDOMINIUM | $162,000 | 137 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | V J LEHNER & D B LEHNER | CONDOMINIUM | $162,000 | 137 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J POLLACK & S POLLACK | CONDOMINIUM | $162,000 | 137 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | B C DIERKHISING/A J ADELMANN | CONDOMINIUM | $159,000 | 137 ft |
| 26 ARTHUR AVE S E MINNEAPOLIS MN 55414 | K LOKEN & B B LOKEN | CONDOMINIUM | $159,000 | 137 ft |
Current Tax Year