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.
4 permits on record since 2020 · $83K total declared value · Most recent: Jul 2025 (misc)
PROMINENT CONSTRUCTION LLC
RENEWAL BY ANDERSEN CORP
SPOTLESS & SEAMLESS EXTERIORS
DS BAHR CONSTRUCTION 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 5,751 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 110 ORLIN AVE S E MINNEAPOLIS MN 55414 | B SMITH & D E SMITH | RESIDENTIAL-TWO UNIT | $494,700 | 61 ft |
| 120 ORLIN AVE S E MINNEAPOLIS MN 55414 | DAVID B HARRIS & WIFE | RESIDENTIAL | $402,200 | 62 ft |
| 126 ORLIN AVE S E MINNEAPOLIS MN 55414 | DALLAS CURRIE | RESIDENTIAL | $561,000 | 118 ft |
| 104 ORLIN AVE S E MINNEAPOLIS MN 55414 | A N & K V GUSTAFSON | RESIDENTIAL | $454,000 | 125 ft |
| 48 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | P D WAGENIUS & A LU ELLERTON | RESIDENTIAL | $381,300 | 129 ft |
| 50 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | R & P HENDRICKSON | RESIDENTIAL | $591,000 | 135 ft |
| 44 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | AARON M DESMOND | RESIDENTIAL | $396,000 | 141 ft |
| 52 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MARIKO E TANAKA | RESIDENTIAL-TWO UNIT | $459,500 | 157 ft |
| 111 ORLIN AVE S E MINNEAPOLIS MN 55414 | RYAN STURTZ & AMANDA STURTZ | RESIDENTIAL | $749,000 | 167 ft |
| 40 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | KRISTEN J LAFAVOR | RESIDENTIAL | $532,000 | 168 ft |
Most Recent Sale
Current Tax Year