ParcelLens
Property Intelligence · Twin Cities
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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
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 5,264 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2119 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | M S APFELBACHER/A E CLAUSSEN | RESIDENTIAL-TWO UNIT | $524,100 | 55 ft |
| 2111 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | HELEN A SAHLIN | RESIDENTIAL | $372,500 | 57 ft |
| 2123 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | DARRON SU | RESIDENTIAL-TWO UNIT | $472,000 | 103 ft |
| 2105 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | C F DINGEMANS & S M ERSTAD | RESIDENTIAL | $272,300 | 113 ft |
| 27 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | PHILIP HULT | RESIDENTIAL | $367,200 | 118 ft |
| 29 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 29 MELBOURNE ASSOCIATES LLC | RESIDENTIAL-TWO UNIT | $542,500 | 126 ft |
| 21 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | L T TETZLAFF/D A KOZEL | RESIDENTIAL-TWO UNIT | $418,600 | 143 ft |
| 31 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CARROLL S DINGEMANS ET AL | RESIDENTIAL | $356,700 | 150 ft |
| 114 BEDFORD ST S E MINNEAPOLIS MN 55414 | NICHOLAS G STOCKING | RESIDENTIAL | $318,400 | 151 ft |
| 2101 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CAPGROW HLDG JV SUB VIII LLC | RESIDENTIAL-TWO UNIT | $317,000 | 160 ft |
Most Recent Sale
Current Tax Year