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.
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 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 3,926 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 84 MALCOLM AVE S E MINNEAPOLIS MN 55414 | JON R WOLLES & PETER BARILE | RESIDENTIAL | $471,000 | 54 ft |
| 94 MALCOLM AVE S E MINNEAPOLIS MN 55414 | SANDRA M STEIN | RESIDENTIAL | $323,900 | 55 ft |
| 98 MALCOLM AVE S E MINNEAPOLIS MN 55414 | C P MUNCE & G J METZGER | RESIDENTIAL | $503,000 | 102 ft |
| 37 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J P NASSIF & S J NASSIF | RESIDENTIAL | $470,400 | 103 ft |
| 33 ARTHUR AVE S E MINNEAPOLIS MN 55414 | QUINLAN A MILLER | RESIDENTIAL | $352,000 | 110 ft |
| 41 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CHARLES SEATON MCCLELLAN | RESIDENTIAL | $419,900 | 119 ft |
| 12 ORLIN AVE S E MINNEAPOLIS MN 55414 | P TEIGLAND & K GALLAGHER | RESIDENTIAL | $630,000 | 120 ft |
| 16 ORLIN AVE S E MINNEAPOLIS MN 55414 | WENDY S LOOMAN | RESIDENTIAL-TWO UNIT | $504,200 | 129 ft |
| 90 BARTON AVE S E MINNEAPOLIS MN 55414 | PARK BOARD | VACANT LAND-RESIDENTIAL | $0 | 138 ft |
| 31 ARTHUR AVE S E MINNEAPOLIS MN 55414 | C PETERSON/LISA K B PETERSON | RESIDENTIAL | $458,100 | 140 ft |
Most Recent Sale
Current Tax Year