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.
2 permits on record since 2018 · $11K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
WALKER ROOFING CO
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 2,207 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 98 MALCOLM AVE S E MINNEAPOLIS MN 55414 | C P MUNCE & G J METZGER | RESIDENTIAL | $503,000 | 47 ft |
| 90 MALCOLM AVE S E MINNEAPOLIS MN 55414 | FRANK BERGMAN PROPERTIES LLC | APARTMENT | $552,000 | 55 ft |
| 100 MALCOLM AVE S E MINNEAPOLIS MN 55414 | M J LEGRIS & G M SIRC | RESIDENTIAL | $378,000 | 98 ft |
| 90 BARTON AVE S E MINNEAPOLIS MN 55414 | PARK BOARD | VACANT LAND-RESIDENTIAL | $0 | 108 ft |
| 84 MALCOLM AVE S E MINNEAPOLIS MN 55414 | JON R WOLLES & PETER BARILE | RESIDENTIAL | $471,000 | 108 ft |
| 41 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CHARLES SEATON MCCLELLAN | RESIDENTIAL | $419,900 | 108 ft |
| 37 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J P NASSIF & S J NASSIF | RESIDENTIAL | $470,400 | 115 ft |
| 45 ARTHUR AVE S E MINNEAPOLIS MN 55414 | R B NORDIN & N KOSCIOLEK | RESIDENTIAL | $540,000 | 116 ft |
| 33 ARTHUR AVE S E MINNEAPOLIS MN 55414 | QUINLAN A MILLER | RESIDENTIAL | $352,000 | 142 ft |
| 49 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CATHERINE A FITCH | RESIDENTIAL | $501,000 | 145 ft |
Current Tax Year