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 2021 · $30K total declared value · Most recent: Aug 2024 (misc)
GARLOCK FRENCH ROOFING
BAULEKE CONTRACTING LLC
BAULEKE CONTRACTING LLC
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 3,539 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 215 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RALPH D MUNT ETAL | APARTMENT | $576,400 | 78 ft |
| 145 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CLAIRE M HASKELL | RESIDENTIAL | $690,000 | 130 ft |
| 221 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 140 ft |
| 1721 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | P K PAULSON & G L P SEKELSKY | RESIDENTIAL | $447,000 | 147 ft |
| 1717 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | ROBERT SYKORA ET AL | RESIDENTIAL | $760,000 | 149 ft |
| 198 MALCOLM AVE S E MINNEAPOLIS MN 55414 | RACHEL G LEVITT REVOC FAM TR | RESIDENTIAL | $465,100 | 160 ft |
| 141 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | D MILLER & C MILLER | RESIDENTIAL | $642,000 | 189 ft |
| 1801 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PATRICK SONMENE | RESIDENTIAL-TWO UNIT | $495,100 | 191 ft |
| 144 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | D J TRAINOR/E SCHMIDT | RESIDENTIAL | $586,000 | 209 ft |
| 194 MALCOLM AVE S E MINNEAPOLIS MN 55414 | R L GILYARD & S K EMERY TRTE | RESIDENTIAL | $540,000 | 216 ft |
Current Tax Year