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.
4 permits on record since 2002 · $101K total declared value · Most recent: Jul 2025 (existres)
A&E Heating & Air Conditioning LLC
WOODLAND STOVES & FIREPLACES
GARLOCK FRENCH ROOFING
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 2,472 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 41 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CHARLES SEATON MCCLELLAN | RESIDENTIAL | $419,900 | 47 ft |
| 49 ARTHUR AVE S E MINNEAPOLIS MN 55414 | CATHERINE A FITCH | RESIDENTIAL | $501,000 | 51 ft |
| 37 ARTHUR AVE S E MINNEAPOLIS MN 55414 | J P NASSIF & S J NASSIF | RESIDENTIAL | $470,400 | 93 ft |
| 98 MALCOLM AVE S E MINNEAPOLIS MN 55414 | C P MUNCE & G J METZGER | RESIDENTIAL | $503,000 | 101 ft |
| 53 ARTHUR AVE S E MINNEAPOLIS MN 55414 | WEI ZHENG | RESIDENTIAL | $358,000 | 102 ft |
| 100 MALCOLM AVE S E MINNEAPOLIS MN 55414 | M J LEGRIS & G M SIRC | RESIDENTIAL | $378,000 | 111 ft |
| 94 MALCOLM AVE S E MINNEAPOLIS MN 55414 | SANDRA M STEIN | RESIDENTIAL | $323,900 | 116 ft |
| 104 MALCOLM AVE S E MINNEAPOLIS MN 55414 | J COLLINS & G HOLLERICH | RESIDENTIAL | $523,000 | 140 ft |
| 33 ARTHUR AVE S E MINNEAPOLIS MN 55414 | QUINLAN A MILLER | RESIDENTIAL | $352,000 | 143 ft |
| 90 MALCOLM AVE S E MINNEAPOLIS MN 55414 | FRANK BERGMAN PROPERTIES LLC | APARTMENT | $552,000 | 145 ft |
Most Recent Sale
Current Tax Year