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.
3 permits on record since 2024 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
BKMC
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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 7 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | GORMAN PARK PROPERTIES LLLP | RESIDENTIAL | $415,000 | 38 ft |
| 15 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | PAUL A GARMERS ET AL | RESIDENTIAL | $380,000 | 40 ft |
| 150 ORLIN AVE S E MINNEAPOLIS MN 55414 | GORMAN PARK PROPERTIES LLLP | APARTMENT | $552,000 | 95 ft |
| 17 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RONALD J MC COY ET AL | RESIDENTIAL | $518,000 | 98 ft |
| 96 BEDFORD ST S E MINNEAPOLIS MN 55414 | BEDFORD STREET HOLDINGS LLC | RESIDENTIAL-TWO UNIT | $550,600 | 121 ft |
| 100 BEDFORD ST S E MINNEAPOLIS MN 55414 | V E SKELEY & M J GREGORIAN | RESIDENTIAL-TWO UNIT | $510,500 | 127 ft |
| 156 ORLIN AVE S E MINNEAPOLIS MN 55414 | CHRISTINE S NG | RESIDENTIAL | $358,000 | 136 ft |
| 104 BEDFORD ST S E MINNEAPOLIS MN 55414 | JOSH G PURPLE/JAMES E PURPLE | RESIDENTIAL | $270,200 | 146 ft |
| 162 ORLIN AVE S E MINNEAPOLIS MN 55414 | A OWEN & KOBI CONAWAY TRSTES | RESIDENTIAL | $458,100 | 152 ft |
| 21 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | L T TETZLAFF/D A KOZEL | RESIDENTIAL-TWO UNIT | $418,600 | 155 ft |