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.
8 permits on record since 2021 · $272K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Hage Construction Co
Hilliard Heating & Cooling Inc
CEDAR CREEK ENERGY CORP
NOWTHEN PLUMBING 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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,444 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 107 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | JOYCE ANN WALKER | RESIDENTIAL | $455,200 | 40 ft |
| 111 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J W ORRISON/L H MCANERNEY | RESIDENTIAL | $545,000 | 89 ft |
| 152 SEYMOUR AVE SE MINNEAPOLIS MN 55414 | JESSE BENSON & ERIN HUSOM | RESIDENTIAL | $309,900 | 103 ft |
| 127 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | ANNELIESE SIMONS | RESIDENTIAL-TWO UNIT | $550,400 | 113 ft |
| 117 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MARY T JEDDELOH | RESIDENTIAL | $425,000 | 149 ft |
| 1833 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | J E CUSHING & C T KIETZER | RESIDENTIAL | $528,400 | 154 ft |
| 75 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | W R SWANSON & P S PLUMSTEAD | RESIDENTIAL | $415,800 | 167 ft |
| 1837 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | RONDA COPHER | RESIDENTIAL-TWO UNIT | $538,400 | 171 ft |
| 1829 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | C I CLARKE & S M R HVIDSTEN | RESIDENTIAL-TWO UNIT | $529,300 | 173 ft |
| 135 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | FRANK BERGMAN PROPERTIES LLC | APARTMENT | $657,000 | 173 ft |
Most Recent Sale
Current Tax Year