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 2017 · Most recent: Jan 2017 (res)
CENTERPOINT ENERGY
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 3,725 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1814 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CATHERINE M HUBBARD | RESIDENTIAL | $364,000 | 64 ft |
| 1818 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | RHONDA VOPAVA GEYETTE | RESIDENTIAL | $339,900 | 115 ft |
| 221 ARTHUR AVE S E MINNEAPOLIS MN 55414 | OBINNA E CHUKWU | RESIDENTIAL-TWO UNIT | $355,500 | 153 ft |
| 1822 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | S A GARRY & P T SKUJINS | RESIDENTIAL | $334,100 | 164 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | JIA ZHANG & TONGYU NIE | CONDOMINIUM | $215,000 | 178 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | MICHELLE L MCCARVILLE | CONDOMINIUM | $197,000 | 178 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | GREG KODGIS | CONDOMINIUM | $199,000 | 178 ft |
| 1805 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | DAVID H ENYEART | CONDOMINIUM | $199,000 | 178 ft |
| MN | Unknown | — | — | 178 ft |
| 1801 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PATRICK SONMENE | RESIDENTIAL-TWO UNIT | $495,100 | 179 ft |
Most Recent Sale
Current Tax Year