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 2004 · $279K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
NORTH LAKE CONTRACTING
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 4,644 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 130 ORLIN AVE S E MINNEAPOLIS MN 55414 | ZACHARY ROBB/JENNIFER NELSON | RESIDENTIAL-TWO UNIT | $566,600 | 53 ft |
| 120 ORLIN AVE S E MINNEAPOLIS MN 55414 | DAVID B HARRIS & WIFE | RESIDENTIAL | $402,200 | 56 ft |
| 132 ORLIN AVE S E MINNEAPOLIS MN 55414 | N STOCKING & INGRID STOCKING | RESIDENTIAL-TWO UNIT | $510,100 | 97 ft |
| 114 ORLIN AVE S E MINNEAPOLIS MN 55414 | RYAN R SHEPPARD | RESIDENTIAL | $574,200 | 118 ft |
| 40 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | KRISTEN J LAFAVOR | RESIDENTIAL | $532,000 | 129 ft |
| 36 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ANTHONY M JONES | RESIDENTIAL | $565,500 | 135 ft |
| 44 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | AARON M DESMOND | RESIDENTIAL | $396,000 | 142 ft |
| 138 ORLIN AVE S E MINNEAPOLIS MN 55414 | T R & C L ERICKSON | RESIDENTIAL-TWO UNIT | $405,900 | 145 ft |
| 48 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | P D WAGENIUS & A LU ELLERTON | RESIDENTIAL | $381,300 | 169 ft |
| 16 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | W G BLODGETT & E C O'BRIEN | CONDOMINIUM | $295,000 | 169 ft |
Most Recent Sale
Current Tax Year