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.
5 permits on record since 2007 · $62K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
THE CROWN CONSTRUCTION CO INC
STAR EXTERIORS LLC
Warners Stellian 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 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 4,364 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 183 MALCOLM AVE S E MINNEAPOLIS MN 55414 | T G CREEL & C M ALLMANN | RESIDENTIAL | $430,300 | 57 ft |
| 175 MALCOLM AVE S E MINNEAPOLIS MN 55414 | NINI I EBBIGHAUSEN | RESIDENTIAL | $416,800 | 63 ft |
| 187 MALCOLM AVE S E MINNEAPOLIS MN 55414 | BENJAMIN E BRAVERMAN ET AL | RESIDENTIAL | $371,000 | 115 ft |
| 64 BARTON AVE S E MINNEAPOLIS MN 55414 | PAUL CAROLAN | RESIDENTIAL | $719,000 | 121 ft |
| 169 MALCOLM AVE S E MINNEAPOLIS MN 55414 | NANCY KAY KARI | RESIDENTIAL | $571,700 | 122 ft |
| 50 BARTON AVE S E MINNEAPOLIS MN 55414 | GILBERT G AHLSTRAND | RESIDENTIAL | $434,900 | 123 ft |
| 66 BARTON AVE S E MINNEAPOLIS MN 55414 | JOHN VICTOR POLITSCH | RESIDENTIAL | $522,500 | 158 ft |
| 46 BARTON AVE S E MINNEAPOLIS MN 55414 | AMY WOLDT & RYAN WOLDT | RESIDENTIAL | $626,000 | 162 ft |
| 186 MALCOLM AVE S E MINNEAPOLIS MN 55414 | THOMAS WILLIAM LANZATELLA | RESIDENTIAL-TWO UNIT | $638,500 | 168 ft |
| 178 MALCOLM AVE S E MINNEAPOLIS MN 55414 | F LEWIS III & L SCHEPERS | RESIDENTIAL | $502,000 | 176 ft |
Most Recent Sale
Current Tax Year