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 2025 · Most recent: Mar 2026 (existres)
Perfection Heating and Air Conditioning Inc
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
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 1049.02
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 4,381 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 194 MALCOLM AVE S E MINNEAPOLIS MN 55414 | R L GILYARD & S K EMERY TRTE | RESIDENTIAL | $540,000 | 66 ft |
| 198 MALCOLM AVE S E MINNEAPOLIS MN 55414 | RACHEL G LEVITT REVOC FAM TR | RESIDENTIAL | $465,100 | 78 ft |
| 222 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CARI CALLARMAN & PETER DEGAN | RESIDENTIAL | $451,000 | 89 ft |
| 186 MALCOLM AVE S E MINNEAPOLIS MN 55414 | THOMAS WILLIAM LANZATELLA | RESIDENTIAL-TWO UNIT | $638,500 | 138 ft |
| 187 MALCOLM AVE S E MINNEAPOLIS MN 55414 | BENJAMIN E BRAVERMAN ET AL | RESIDENTIAL | $371,000 | 166 ft |
| 183 MALCOLM AVE S E MINNEAPOLIS MN 55414 | T G CREEL & C M ALLMANN | RESIDENTIAL | $430,300 | 184 ft |
| 144 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | D J TRAINOR/E SCHMIDT | RESIDENTIAL | $586,000 | 189 ft |
| 215 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RALPH D MUNT ETAL | APARTMENT | $576,400 | 192 ft |
| 178 MALCOLM AVE S E MINNEAPOLIS MN 55414 | F LEWIS III & L SCHEPERS | RESIDENTIAL | $502,000 | 207 ft |
| 74 BARTON AVE S E MINNEAPOLIS MN 55414 | MEREDITH A MCNAB | RESIDENTIAL | $440,200 | 215 ft |
Most Recent Sale
Current Tax Year