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.
2 permits on record since 2024 · $16K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
WALKER ROOFING CO
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
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 4,519 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 123 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MADELEINE KOSKI | RESIDENTIAL | $485,000 | 57 ft |
| 111 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J W ORRISON/L H MCANERNEY | RESIDENTIAL | $545,000 | 59 ft |
| 107 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | JOYCE ANN WALKER | RESIDENTIAL | $455,200 | 109 ft |
| 129 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CAROLYN S PITTMAN | RESIDENTIAL-TWO UNIT | $587,100 | 117 ft |
| 1821 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | DIANE QUINLAN NOBLE | CONDOMINIUM | $285,000 | 148 ft |
| 1823 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CHRIS SHORT & SHARON S SHORT | CONDOMINIUM | $356,000 | 148 ft |
| 1825 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | MEGHAN ESKOLIN | CONDOMINIUM | $288,000 | 148 ft |
| 1827 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | NELSON LIVING TRUST | CONDOMINIUM | $319,000 | 148 ft |
| MN | Unknown | — | — | 148 ft |
| 101 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | S L THRASH & J W RING | RESIDENTIAL-TWO UNIT | $683,200 | 149 ft |
Current Tax Year