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 2017 · $21K total declared value · Most recent: Oct 2025 (misc)
Summit Construction Group
RENEWAL BY ANDERSEN CORP
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 2,088 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 70 ORLIN AVE S E MINNEAPOLIS MN 55414 | BRIDGET ANNE WALL | RESIDENTIAL | $518,700 | 73 ft |
| 58 ORLIN AVE S E MINNEAPOLIS MN 55414 | JAYANT SARAPH | RESIDENTIAL | $509,900 | 76 ft |
| 73 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | K LOCKHART & L ALPERT | RESIDENTIAL-TWO UNIT | $608,200 | 99 ft |
| 80 ORLIN AVE S E MINNEAPOLIS MN 55414 | G A RIEDL & J K RIEDL ET AL | RESIDENTIAL-TWO UNIT | $610,800 | 139 ft |
| 59 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | WILLIAM CHRISTOPHER WATKINS | RESIDENTIAL | $633,000 | 144 ft |
| 79 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | DAVID JOSEPH JULIFF | RESIDENTIAL | $423,300 | 149 ft |
| 53 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | TRICIA JANE HADLEY | RESIDENTIAL | $585,000 | 152 ft |
| 75 ORLIN AVE S E MINNEAPOLIS MN 55414 | K TURPIN/J SPENNER ET AL | RESIDENTIAL | $373,000 | 160 ft |
| 77 ORLIN AVE S E MINNEAPOLIS MN 55414 | ERIC LIND & CHRISTIANNE LIND | RESIDENTIAL | $486,600 | 163 ft |
| 25 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | A B WALSH & D B WALSH | RESIDENTIAL-TWO UNIT | $903,400 | 174 ft |
Most Recent Sale
Current Tax Year