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.
7 permits on record since 2017 · $57K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Standard Heating and Air Conditioning Inc
DONNELLY STUCCO & EXTERIORS
David C Olson
Barr Web Industries 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 5,246 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1531 RIVER TER E MINNEAPOLIS MN 55414 | V R VOLLER & M M VOLLER | RESIDENTIAL | $428,000 | 50 ft |
| 1539 RIVER TER E MINNEAPOLIS MN 55414 | PETER A REJTO ETAL | RESIDENTIAL | $487,000 | 62 ft |
| 1525 RIVER TER E MINNEAPOLIS MN 55414 | JANE CAROL HATLEVIK | RESIDENTIAL-TWO UNIT | $553,200 | 100 ft |
| 1543 RIVER TER E MINNEAPOLIS MN 55414 | HMW BUCHMAN PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $494,200 | 125 ft |
| 1523 RIVER TER E MINNEAPOLIS MN 55414 | PAMELA MINK | RESIDENTIAL | $309,400 | 152 ft |
| 1547 RIVER TER E MINNEAPOLIS MN 55414 | C M CZAIA & M M CZAIA | RESIDENTIAL-TWO UNIT | $497,100 | 175 ft |
| 1519 RIVER TER E MINNEAPOLIS MN 55414 | K BOUERI & A A RANDO | RESIDENTIAL | $413,500 | 211 ft |
| 1528 RIVER TER E MINNEAPOLIS MN 55414 | JACLYN WAZLAWIK | RESIDENTIAL | $408,000 | 215 ft |
| 1532 RIVER TER E MINNEAPOLIS MN 55414 | KAREN G WEEKS | RESIDENTIAL | $494,000 | 220 ft |
| 1551 RIVER TER E MINNEAPOLIS MN 55414 | H COURTEAU & P COURTEAU | RESIDENTIAL | $680,300 | 225 ft |
Most Recent Sale
Current Tax Year