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.
8 permits on record since 2000 · $178K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
MATTHEW KRASKEY CONSTRUCTION
SWIFT HEATING & AIR CONDITIONING INC
All Pride Plumbing 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 1049.02
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 6,234 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 160 MALCOLM AVE S E MINNEAPOLIS MN 55414 | G P ROTTACH & L K ROTTACH | RESIDENTIAL | $367,500 | 50 ft |
| 170 MALCOLM AVE S E MINNEAPOLIS MN 55414 | HOLTMAN REVOCABLE LIVING TR | RESIDENTIAL | $641,400 | 63 ft |
| 167 ARTHUR AVE S E MINNEAPOLIS MN 55414 | PATRICIA J MURPHY | RESIDENTIAL | $437,900 | 96 ft |
| 174 MALCOLM AVE S E MINNEAPOLIS MN 55414 | JANICE C MICHEL | RESIDENTIAL | $450,300 | 105 ft |
| 150 MALCOLM AVE S E MINNEAPOLIS MN 55414 | JANET C LEVITT | RESIDENTIAL | $945,000 | 129 ft |
| 171 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ARTHUR MANAGEMENT LLC | RESIDENTIAL | $416,600 | 150 ft |
| 178 MALCOLM AVE S E MINNEAPOLIS MN 55414 | F LEWIS III & L SCHEPERS | RESIDENTIAL | $502,000 | 155 ft |
| 165 MALCOLM AVE S E MINNEAPOLIS MN 55414 | MICHAEL D LEVITT TRUST | RESIDENTIAL | $410,300 | 186 ft |
| 164 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ERIC K JAEDE ETAL TRUSTEES | RESIDENTIAL | $521,300 | 191 ft |
| 175 ARTHUR AVE S E MINNEAPOLIS MN 55414 | WALTER N JOHNSON SUBJ/LE | RESIDENTIAL | $300,000 | 193 ft |
Most Recent Sale
Current Tax Year