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.
5 permits on record since 2017 · $19K total declared value · Most recent: Feb 2024 (res)
CenterPoint Energy Resource Corp
Warners Stellian Co Inc
Warners Stellian Co Inc
BURNOMATIC
PROSPECT PARK RENOVATION AND DESIGN 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 7,882 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 86 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JENNIFER R MICHLITSCH ET AL | RESIDENTIAL | $618,500 | 70 ft |
| 72 ARTHUR AVE S E MINNEAPOLIS MN 55414 | DOUGLAS S & SANDRA VIGOREN | RESIDENTIAL-TWO UNIT | $584,600 | 80 ft |
| 88 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ELAINE T MAY REVOCABLE TRUST | RESIDENTIAL | $474,900 | 119 ft |
| 70 ARTHUR AVE S E MINNEAPOLIS MN 55414 | G L BERNSTEIN & R K SCHOW | RESIDENTIAL | $810,000 | 128 ft |
| 92 ARTHUR AVE S E MINNEAPOLIS MN 55414 | WANAMAKER MOSKOWITZ TRUST | RESIDENTIAL | $510,900 | 170 ft |
| 64 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ARUNIMA SHINEY-AJAY | RESIDENTIAL | $378,000 | 180 ft |
| 65 ARTHUR AVE S E MINNEAPOLIS MN 55414 | A & J HAVLINA-MADSEN | RESIDENTIAL | $380,000 | 180 ft |
| 63 ARTHUR AVE S E MINNEAPOLIS MN 55414 | M G SIMPSON & M C HAYNER | RESIDENTIAL | $509,500 | 180 ft |
| 69 ARTHUR AVE S E MINNEAPOLIS MN 55414 | KENNETH R HAMPTON ETAL | RESIDENTIAL | $520,600 | 193 ft |
| 57 ARTHUR AVE S E MINNEAPOLIS MN 55414 | L J SORBO & H STEBLAY | RESIDENTIAL | $438,400 | 194 ft |
Most Recent Sale
Current Tax Year