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.
4 permits on record since 2019 · $22K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
FFM LLC
Warners Stellian Co Inc
Peter A Rejto
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 8,318 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1535 RIVER TER E MINNEAPOLIS MN 55414 | D C OLSON/H OLSON ET AL | RESIDENTIAL | $414,000 | 62 ft |
| 1543 RIVER TER E MINNEAPOLIS MN 55414 | HMW BUCHMAN PROPERTIES LLC | RESIDENTIAL-TWO UNIT | $494,200 | 63 ft |
| 1531 RIVER TER E MINNEAPOLIS MN 55414 | V R VOLLER & M M VOLLER | RESIDENTIAL | $428,000 | 113 ft |
| 1547 RIVER TER E MINNEAPOLIS MN 55414 | C M CZAIA & M M CZAIA | RESIDENTIAL-TWO UNIT | $497,100 | 113 ft |
| 1525 RIVER TER E MINNEAPOLIS MN 55414 | JANE CAROL HATLEVIK | RESIDENTIAL-TWO UNIT | $553,200 | 162 ft |
| 1551 RIVER TER E MINNEAPOLIS MN 55414 | H COURTEAU & P COURTEAU | RESIDENTIAL | $680,300 | 163 ft |
| 1523 RIVER TER E MINNEAPOLIS MN 55414 | PAMELA MINK | RESIDENTIAL | $309,400 | 213 ft |
| 1536 RIVER TER E MINNEAPOLIS MN 55414 | J C BLASCHKE/S M BOOGAARD | RESIDENTIAL | $504,500 | 219 ft |
| 1540 RIVER TER E MINNEAPOLIS MN 55414 | MARY ANN SPRINGER | RESIDENTIAL | $420,900 | 222 ft |
| 1555 RIVER TER E MINNEAPOLIS MN 55414 | KRISTIN DE LANGE | RESIDENTIAL | $514,000 | 225 ft |
Current Tax Year