ParcelLens
Property Intelligence · Twin Cities
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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.
3 permits on record since 2018 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Warners Stellian Co Inc
Warners Stellian Co Inc
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 3,538 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 48 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | P D WAGENIUS & A LU ELLERTON | RESIDENTIAL | $381,300 | 50 ft |
| 52 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MARIKO E TANAKA | RESIDENTIAL-TWO UNIT | $459,500 | 50 ft |
| 58 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RUTH JOAN HAMPTON | RESIDENTIAL-TWO UNIT | $469,000 | 93 ft |
| 44 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | AARON M DESMOND | RESIDENTIAL | $396,000 | 100 ft |
| 110 ORLIN AVE S E MINNEAPOLIS MN 55414 | B SMITH & D E SMITH | RESIDENTIAL-TWO UNIT | $494,700 | 130 ft |
| 62 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 62-64 MELBOURNE LLC | RESIDENTIAL-TWO UNIT | $468,900 | 131 ft |
| 114 ORLIN AVE S E MINNEAPOLIS MN 55414 | RYAN R SHEPPARD | RESIDENTIAL | $574,200 | 135 ft |
| 40 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | KRISTEN J LAFAVOR | RESIDENTIAL | $532,000 | 150 ft |
| 104 ORLIN AVE S E MINNEAPOLIS MN 55414 | A N & K V GUSTAFSON | RESIDENTIAL | $454,000 | 162 ft |
| 120 ORLIN AVE S E MINNEAPOLIS MN 55414 | DAVID B HARRIS & WIFE | RESIDENTIAL | $402,200 | 165 ft |
Current Tax Year