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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 · $36K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
BERWALD ROOFING COMPANY
Appliance Connections 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 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 6,241 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 221 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 73 ft |
| 201 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CAROLYN R MAIER | RESIDENTIAL-TWO UNIT | $615,900 | 78 ft |
| 198 MALCOLM AVE S E MINNEAPOLIS MN 55414 | RACHEL G LEVITT REVOC FAM TR | RESIDENTIAL | $465,100 | 155 ft |
| 1717 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | ROBERT SYKORA ET AL | RESIDENTIAL | $760,000 | 155 ft |
| 1721 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | P K PAULSON & G L P SEKELSKY | RESIDENTIAL | $447,000 | 179 ft |
| 208 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RACHEL METCALF | RESIDENTIAL | $480,000 | 192 ft |
| 145 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CLAIRE M HASKELL | RESIDENTIAL | $690,000 | 209 ft |
| 194 MALCOLM AVE S E MINNEAPOLIS MN 55414 | R L GILYARD & S K EMERY TRTE | RESIDENTIAL | $540,000 | 210 ft |
| 222 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CARI CALLARMAN & PETER DEGAN | RESIDENTIAL | $451,000 | 226 ft |
| 144 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | D J TRAINOR/E SCHMIDT | RESIDENTIAL | $586,000 | 247 ft |
Current Tax Year