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.
5 permits on record since 2017 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING
Warners Stellian Co Inc
Warners Stellian Co Inc
Freedom Heating and Air Conditioning 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 6,646 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 120 MALCOLM AVE S E MINNEAPOLIS MN 55414 | PAR K & BETH A LJUNGSTROM | RESIDENTIAL-TWO UNIT | $784,500 | 67 ft |
| 110 MALCOLM AVE S E MINNEAPOLIS MN 55414 | L K B PETERSON & D BARNHILL | RESIDENTIAL-TWO UNIT | $829,400 | 95 ft |
| 126 MALCOLM AVE S E MINNEAPOLIS MN 55414 | F L BARRETT-BIANCO REV LV TR | RESIDENTIAL | $506,600 | 128 ft |
| 91 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J OBERLY & L MERRIAM TRUST | RESIDENTIAL | $624,400 | 148 ft |
| 97 ARTHUR AVE S E MINNEAPOLIS MN 55414 | RICHARD E POPPELE | RESIDENTIAL | $492,300 | 149 ft |
| 69 ARTHUR AVE S E MINNEAPOLIS MN 55414 | KENNETH R HAMPTON ETAL | RESIDENTIAL | $520,600 | 160 ft |
| 73 ARTHUR AVE S E MINNEAPOLIS MN 55414 | K SKAIFE & B SMITH | RESIDENTIAL | $536,100 | 161 ft |
| 65 ARTHUR AVE S E MINNEAPOLIS MN 55414 | A & J HAVLINA-MADSEN | RESIDENTIAL | $380,000 | 166 ft |
| 101 ARTHUR AVE S E MINNEAPOLIS MN 55414 | E LEE ENGLAND/J R BERGERSON | RESIDENTIAL | $541,800 | 170 ft |
| 121 MALCOLM AVE S E MINNEAPOLIS MN 55414 | DAVID GOLDES/SHERYL MOUSLEY | RESIDENTIAL | $451,100 | 184 ft |
Most Recent Sale
Current Tax Year