Property Overview

Parcel ID3002923430157

Lot Size219,197 sq ft (5.032 ac)

Lot Dimensions (est.)1006 ft wide × 218 ft deep

Year Built0

Property ClassRAILROAD

OwnerSOO LINE RR

Assessed Value$1,007,800

Land Value$1,007,800

Building Value$0

Annual Tax$35,029

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

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 ↗

Potential programs

LIHTC 30% Basis BoostMedium

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.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Prospect Park - East River Road · Minneapolis

Median reported rent1,302/mo

Renter-occupied86.2%

Median home value$437K

Vacancy rate11.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1049.02

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

Zoning

TR1Transportation

Property History

Current Tax Year

Year2026

Tax Due$35,029

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
851 RIVER MEWS CT MINNEAPOLIS MN 55414	ALLEN ISAACMAN ETAL TRUSTEES	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	MARY JO SCHIFSKY	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	J HUXLEY & E A O'CONNOR	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	CECILIA ROHRER	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	JEREMY D LEVITT	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	S ROHDE/D ROHDE/S ROHDE	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	CAROLIN J NEARING	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	SAMUEL ISAACMAN	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	S C ROBERTSON & S C PEACOCK	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft
851 RIVER MEWS CT MINNEAPOLIS MN 55414	S C ROBERTSON & S C PEACOCK	CONDO GARAGE/MISCELLANEOUS	$8,800	166 ft