ParcelLens
Property Intelligence · Twin Cities
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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.
1 permit on record since 2025 · Most recent: Nov 2025 (existres)
Residential Heating and Air Conditioning 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 3,520 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1525 RIVER TER E MINNEAPOLIS MN 55414 | JANE CAROL HATLEVIK | RESIDENTIAL-TWO UNIT | $553,200 | 55 ft |
| 1519 RIVER TER E MINNEAPOLIS MN 55414 | K BOUERI & A A RANDO | RESIDENTIAL | $413,500 | 62 ft |
| 1531 RIVER TER E MINNEAPOLIS MN 55414 | V R VOLLER & M M VOLLER | RESIDENTIAL | $428,000 | 103 ft |
| 1535 RIVER TER E MINNEAPOLIS MN 55414 | D C OLSON/H OLSON ET AL | RESIDENTIAL | $414,000 | 152 ft |
| 1501 RIVER TER E MINNEAPOLIS MN 55414 | ST FRANCIS CABRINI CHURCH | COMMERCIAL-PREFERRED | $0 | 182 ft |
| 1516 RIVER TER E MINNEAPOLIS MN 55414 | G & M CUNDY | RESIDENTIAL | $497,000 | 208 ft |
| 1524 RIVER TER E MINNEAPOLIS MN 55414 | ELLIOTT V & RASA TROUP | RESIDENTIAL | $493,000 | 208 ft |
| 1528 RIVER TER E MINNEAPOLIS MN 55414 | JACLYN WAZLAWIK | RESIDENTIAL | $408,000 | 209 ft |
| 1520 RIVER TER E MINNEAPOLIS MN 55414 | JENNIFER JOYCE SAHLIN | RESIDENTIAL | $509,000 | 210 ft |
| 1539 RIVER TER E MINNEAPOLIS MN 55414 | PETER A REJTO ETAL | RESIDENTIAL | $487,000 | 213 ft |
Most Recent Sale
Current Tax Year