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 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 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 sfr / adu benchmarks for 849 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 156 ORLIN AVE S E MINNEAPOLIS MN 55414 | CHRISTINE S NG | RESIDENTIAL | $358,000 | 51 ft |
| 96 BEDFORD ST S E MINNEAPOLIS MN 55414 | BEDFORD STREET HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $550,600 | 66 ft |
| 2200 ORLIN AVE S E MINNEAPOLIS MN 55414 | PARK BOARD | LAND-COMMERCIAL | $0 | 114 ft |
| 100 BEDFORD ST S E MINNEAPOLIS MN 55414 | V E SKELEY & M J GREGORIAN | RESIDENTIAL-TWO UNIT | $510,500 | 115 ft |
| 150 ORLIN AVE S E MINNEAPOLIS MN 55414 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $552,000 | 128 ft |
| 7 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | GORMAN PARK PROPERTIES LLLP | RESIDENTIAL | $415,000 | 139 ft |
| 11 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | POWDERHORN BLDG LLC | RESIDENTIAL-TWO UNIT | $443,000 | 152 ft |
| 95 BEDFORD ST S E MINNEAPOLIS MN 55414 | SARAH REISER & CHRIS REISER | RESIDENTIAL | $328,400 | 156 ft |
| 104 BEDFORD ST S E MINNEAPOLIS MN 55414 | JOSH G PURPLE/JAMES E PURPLE | RESIDENTIAL | $270,200 | 158 ft |
| 99 BEDFORD ST S E MINNEAPOLIS MN 55414 | CINDY DIBBLE & RYAN DIBBLE | RESIDENTIAL | $438,500 | 159 ft |
Most Recent Sale
Current Tax Year