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 · $7K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
ALL SONS EXTERIORS 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 3,535 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 110 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | M SUEMNICK & G MOSKAL | RESIDENTIAL | $499,500 | 50 ft |
| 120 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | THOMAS J RABIOLA | RESIDENTIAL-TWO UNIT | $533,300 | 50 ft |
| 126 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | A ENGELHART & K ADAMALA | RESIDENTIAL | $645,000 | 100 ft |
| 100 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J A HORNS & D J PETERS | RESIDENTIAL | $551,000 | 115 ft |
| 120 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | S M SABRI & Z SABRI TRUSTEES | RESIDENTIAL | $480,000 | 123 ft |
| 83 BARTON AVE S E MINNEAPOLIS MN 55414 | N NOVAK & E FORSGREN | RESIDENTIAL | $393,000 | 154 ft |
| 75 BARTON AVE S E MINNEAPOLIS MN 55414 | SCHULTE-SASSE REV LIVING TR | RESIDENTIAL-TWO UNIT | $653,000 | 170 ft |
| 112 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | JULIE DYCKMAN ANDRUS | RESIDENTIAL | $708,100 | 182 ft |
| 117 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MARY T JEDDELOH | RESIDENTIAL | $425,000 | 190 ft |
| 111 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J W ORRISON/L H MCANERNEY | RESIDENTIAL | $545,000 | 196 ft |
Most Recent Sale
Current Tax Year