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.
3 permits on record since 2024 · Most recent: Feb 2025 (existres)
TEAM MECHANICAL INC
Urban Pine Plumbing and Mechanical Inc
CenterPoint Energy Resource 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 3,361 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 69 ARTHUR AVE S E MINNEAPOLIS MN 55414 | KENNETH R HAMPTON ETAL | RESIDENTIAL | $520,600 | 51 ft |
| 81 ARTHUR AVE S E MINNEAPOLIS MN 55414 | DOUGLAS OLMSTED FREEMAN | RESIDENTIAL | $352,000 | 62 ft |
| 65 ARTHUR AVE S E MINNEAPOLIS MN 55414 | A & J HAVLINA-MADSEN | RESIDENTIAL | $380,000 | 100 ft |
| 91 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J OBERLY & L MERRIAM TRUST | RESIDENTIAL | $624,400 | 101 ft |
| 63 ARTHUR AVE S E MINNEAPOLIS MN 55414 | M G SIMPSON & M C HAYNER | RESIDENTIAL | $509,500 | 150 ft |
| 97 ARTHUR AVE S E MINNEAPOLIS MN 55414 | RICHARD E POPPELE | RESIDENTIAL | $492,300 | 152 ft |
| 110 MALCOLM AVE S E MINNEAPOLIS MN 55414 | L K B PETERSON & D BARNHILL | RESIDENTIAL-TWO UNIT | $829,400 | 158 ft |
| 116 MALCOLM AVE S E MINNEAPOLIS MN 55414 | HELENA D KRIEL | RESIDENTIAL | $589,000 | 161 ft |
| 88 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ELAINE T MAY REVOCABLE TRUST | RESIDENTIAL | $474,900 | 194 ft |
| 86 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JENNIFER R MICHLITSCH ET AL | RESIDENTIAL | $618,500 | 199 ft |
Most Recent Sale
Current Tax Year