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.
3 permits on record since 2016 · Most recent: Apr 2021 (existres)
STERN HEATING AND COOLING INC
STERN HEATING AND COOLING INC
NORBLOM PLUMBING
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 2,400 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 65 ARTHUR AVE S E MINNEAPOLIS MN 55414 | A & J HAVLINA-MADSEN | RESIDENTIAL | $380,000 | 50 ft |
| 73 ARTHUR AVE S E MINNEAPOLIS MN 55414 | K SKAIFE & B SMITH | RESIDENTIAL | $536,100 | 51 ft |
| 63 ARTHUR AVE S E MINNEAPOLIS MN 55414 | M G SIMPSON & M C HAYNER | RESIDENTIAL | $509,500 | 100 ft |
| 81 ARTHUR AVE S E MINNEAPOLIS MN 55414 | DOUGLAS OLMSTED FREEMAN | RESIDENTIAL | $352,000 | 113 ft |
| 110 MALCOLM AVE S E MINNEAPOLIS MN 55414 | L K B PETERSON & D BARNHILL | RESIDENTIAL-TWO UNIT | $829,400 | 127 ft |
| 91 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J OBERLY & L MERRIAM TRUST | RESIDENTIAL | $624,400 | 146 ft |
| 57 ARTHUR AVE S E MINNEAPOLIS MN 55414 | L J SORBO & H STEBLAY | RESIDENTIAL | $438,400 | 150 ft |
| 116 MALCOLM AVE S E MINNEAPOLIS MN 55414 | HELENA D KRIEL | RESIDENTIAL | $589,000 | 160 ft |
| 86 ARTHUR AVE S E MINNEAPOLIS MN 55414 | JENNIFER R MICHLITSCH ET AL | RESIDENTIAL | $618,500 | 181 ft |
| 88 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ELAINE T MAY REVOCABLE TRUST | RESIDENTIAL | $474,900 | 189 ft |
Current Tax Year