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.
3 permits on record since 2018 · $7K total declared value · Most recent: Mar 2019 (remodel)
David Wellington
David Wellington
David Wellington
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 3,981 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 66 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | KATHLEEN J JONES TRUST | RESIDENTIAL | $494,900 | 50 ft |
| 72 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | R C BERGMAN & N M BERGMAN | APARTMENT | $553,000 | 55 ft |
| 62 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 62-64 MELBOURNE LLC | RESIDENTIAL-TWO UNIT | $468,900 | 91 ft |
| 107 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | ANNELIESE SIMONS | RESIDENTIAL | $443,200 | 104 ft |
| 58 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | RUTH JOAN HAMPTON | RESIDENTIAL-TWO UNIT | $469,000 | 128 ft |
| 103 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | MARILEE J JOHNSON | RESIDENTIAL | $416,000 | 159 ft |
| 52 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MARIKO E TANAKA | RESIDENTIAL-TWO UNIT | $459,500 | 172 ft |
| 100 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J A HORNS & D J PETERS | RESIDENTIAL | $551,000 | 189 ft |
| 75 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | W R SWANSON & P S PLUMSTEAD | RESIDENTIAL | $415,800 | 189 ft |
| 71 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | JOAN A CLARKSON TRUST | RESIDENTIAL | $447,600 | 193 ft |
Most Recent Sale
Current Tax Year