Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2025 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
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 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 3,845 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 127 BEDFORD ST S E MINNEAPOLIS MN 55414 | J C NYBERG & K A NYBERG | RESIDENTIAL | $495,900 | 43 ft |
| 119 BEDFORD ST S E MINNEAPOLIS MN 55414 | PROSPECT MARCY PROPERTIES | RESIDENTIAL-TWO UNIT | $502,900 | 59 ft |
| 129 BEDFORD ST S E MINNEAPOLIS MN 55414 | MANISH R PATEL LIVING TRUST | RESIDENTIAL | $554,500 | 88 ft |
| 115 BEDFORD ST S E MINNEAPOLIS MN 55414 | THE BEDFORD APARTMENTS LLC | APARTMENT | $1,218,000 | 133 ft |
| 113 BEDFORD ST S E MINNEAPOLIS MN 55414 | ANDREA LEILA DENECKE | RESIDENTIAL-TWO UNIT | $417,100 | 194 ft |
| 124 BEDFORD ST S E MINNEAPOLIS MN 55414 | C R OELBERGER/T R OELBERGER | RESIDENTIAL | $452,300 | 194 ft |
| 108 EMERALD ST S E MINNEAPOLIS MN 55414 | JAY B NELSEN | RESIDENTIAL | $241,000 | 197 ft |
| 138 EMERALD ST S E MINNEAPOLIS MN 55414 | ST PANTELEIMON GREEK ORT CH | RESIDENTIAL-TWO UNIT | $0 | 223 ft |
| 135 BEDFORD ST S E MINNEAPOLIS MN 55414 | RUTH FEN | TRIPLEX | $548,100 | 234 ft |
| 111 BEDFORD ST S E MINNEAPOLIS MN 55414 | A B-INGWALSON/B B-INGWALSON | RESIDENTIAL | $553,000 | 236 ft |
Most Recent Sale
Current Tax Year