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.
2 permits on record since 2024 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
ST PAUL PLUMBING AND HEATING CO 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 2,221 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 170 MALCOLM AVE S E MINNEAPOLIS MN 55414 | HOLTMAN REVOCABLE LIVING TR | RESIDENTIAL | $641,400 | 46 ft |
| 178 MALCOLM AVE S E MINNEAPOLIS MN 55414 | F LEWIS III & L SCHEPERS | RESIDENTIAL | $502,000 | 51 ft |
| 167 ARTHUR AVE S E MINNEAPOLIS MN 55414 | PATRICIA J MURPHY | RESIDENTIAL | $437,900 | 102 ft |
| 159 ARTHUR AVE S E MINNEAPOLIS MN 55414 | MATTHEW LEE KRAFT | RESIDENTIAL-TWO UNIT | $804,800 | 105 ft |
| 171 ARTHUR AVE S E MINNEAPOLIS MN 55414 | ARTHUR MANAGEMENT LLC | RESIDENTIAL | $416,600 | 113 ft |
| 186 MALCOLM AVE S E MINNEAPOLIS MN 55414 | THOMAS WILLIAM LANZATELLA | RESIDENTIAL-TWO UNIT | $638,500 | 117 ft |
| 175 ARTHUR AVE S E MINNEAPOLIS MN 55414 | WALTER N JOHNSON SUBJ/LE | RESIDENTIAL | $300,000 | 127 ft |
| 160 MALCOLM AVE S E MINNEAPOLIS MN 55414 | G P ROTTACH & L K ROTTACH | RESIDENTIAL | $367,500 | 150 ft |
| 175 MALCOLM AVE S E MINNEAPOLIS MN 55414 | NINI I EBBIGHAUSEN | RESIDENTIAL | $416,800 | 167 ft |
| 179 MALCOLM AVE S E MINNEAPOLIS MN 55414 | J M GARBARINI & E T CARL | RESIDENTIAL | $582,000 | 178 ft |
Most Recent Sale
Current Tax Year