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.
7 permits on record since 2017 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
MN Plumbing & Home Services INC
Janecky Plumbing Service Inc
McQuillan Bros Plumbing Heating & AC 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 2,432 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 58 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RUTH JOAN HAMPTON | RESIDENTIAL-TWO UNIT | $469,000 | 37 ft |
| 66 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | KATHLEEN J JONES TRUST | RESIDENTIAL | $494,900 | 41 ft |
| 52 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MARIKO E TANAKA | RESIDENTIAL-TWO UNIT | $459,500 | 81 ft |
| 70 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | D WELLINGTON & S WELLINGTON | RESIDENTIAL | $758,000 | 91 ft |
| 50 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | R & P HENDRICKSON | RESIDENTIAL | $591,000 | 131 ft |
| 107 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | ANNELIESE SIMONS | RESIDENTIAL | $443,200 | 131 ft |
| 72 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | R C BERGMAN & N M BERGMAN | APARTMENT | $553,000 | 146 ft |
| 104 ORLIN AVE S E MINNEAPOLIS MN 55414 | A N & K V GUSTAFSON | RESIDENTIAL | $454,000 | 146 ft |
| 110 ORLIN AVE S E MINNEAPOLIS MN 55414 | B SMITH & D E SMITH | RESIDENTIAL-TWO UNIT | $494,700 | 170 ft |
| 103 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | MARILEE J JOHNSON | RESIDENTIAL | $416,000 | 177 ft |
Most Recent Sale
Current Tax Year