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 ↗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.
1 permit on record since 2008 · $471K total declared value · Most recent: Jul 2008 (building re-inspection)
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 5,697 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1721 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | P K PAULSON & G L P SEKELSKY | RESIDENTIAL | $447,000 | 55 ft |
| 221 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 138 ft |
| 201 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CAROLYN R MAIER | RESIDENTIAL-TWO UNIT | $615,900 | 149 ft |
| 215 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RALPH D MUNT ETAL | APARTMENT | $576,400 | 155 ft |
| 1801 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PATRICK SONMENE | RESIDENTIAL-TWO UNIT | $495,100 | 155 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | JIA ZHANG & TONGYU NIE | CONDOMINIUM | $215,000 | 199 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | MICHELLE L MCCARVILLE | CONDOMINIUM | $197,000 | 199 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | GREG KODGIS | CONDOMINIUM | $199,000 | 199 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | DAVID H ENYEART | CONDOMINIUM | $199,000 | 199 ft |
| MN | Unknown | — | — | 199 ft |
Most Recent Sale
Current Tax Year