Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
3 permits on record since 2019 · Most recent: Jul 2025 (res)
Warners Stellian Co Inc
Blue Yeti Services LLC
TEAM MECHANICAL 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 4,752 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 112 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | JULIE DYCKMAN ANDRUS | RESIDENTIAL | $708,100 | 70 ft |
| 110 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | M SUEMNICK & G MOSKAL | RESIDENTIAL | $499,500 | 104 ft |
| 100 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J A HORNS & D J PETERS | RESIDENTIAL | $551,000 | 111 ft |
| 114 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J P SANDBERG & R H MAKINEN | RESIDENTIAL-TWO UNIT | $594,000 | 123 ft |
| 104 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | B J GRZYWACZ & K A GRYZWACZ | RESIDENTIAL | $571,300 | 146 ft |
| 120 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | THOMAS J RABIOLA | RESIDENTIAL-TWO UNIT | $533,300 | 157 ft |
| 75 BARTON AVE S E MINNEAPOLIS MN 55414 | SCHULTE-SASSE REV LIVING TR | RESIDENTIAL-TWO UNIT | $653,000 | 191 ft |
| 100 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | KOERNER FAMILY TRUST | RESIDENTIAL | $793,900 | 193 ft |
| 126 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | A ENGELHART & K ADAMALA | RESIDENTIAL | $645,000 | 198 ft |
| 72 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | R C BERGMAN & N M BERGMAN | APARTMENT | $553,000 | 202 ft |
Current Tax Year