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.
5 permits on record since 2020 · $4K total declared value · Most recent: Aug 2023 (misc)
BUILDERS AND REMODELERS INC
BUILDERS AND REMODELERS INC
CenterPoint Energy Resource Corp
CENTERPOINT ENERGY
Swat Holdings LLC
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 3,994 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 106 BEDFORD ST S E MINNEAPOLIS MN 55414 | A ZOLTAI & A LAZAREWICZ | RESIDENTIAL | $296,400 | 50 ft |
| 114 BEDFORD ST S E MINNEAPOLIS MN 55414 | NICHOLAS G STOCKING | RESIDENTIAL | $318,400 | 63 ft |
| 104 BEDFORD ST S E MINNEAPOLIS MN 55414 | JOSH G PURPLE/JAMES E PURPLE | RESIDENTIAL | $270,200 | 88 ft |
| 100 BEDFORD ST S E MINNEAPOLIS MN 55414 | V E SKELEY & M J GREGORIAN | RESIDENTIAL-TWO UNIT | $510,500 | 131 ft |
| 21 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | L T TETZLAFF/D A KOZEL | RESIDENTIAL-TWO UNIT | $418,600 | 135 ft |
| 2119 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | M S APFELBACHER/A E CLAUSSEN | RESIDENTIAL-TWO UNIT | $524,100 | 137 ft |
| 17 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RONALD J MC COY ET AL | RESIDENTIAL | $518,000 | 144 ft |
| 2123 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | DARRON SU | RESIDENTIAL-TWO UNIT | $472,000 | 155 ft |
| 124 BEDFORD ST S E MINNEAPOLIS MN 55414 | C R OELBERGER/T R OELBERGER | RESIDENTIAL | $452,300 | 156 ft |
| 15 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | PAUL A GARMERS ET AL | RESIDENTIAL | $380,000 | 175 ft |
Most Recent Sale
Current Tax Year