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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
No permits found in Minneapolis open data for this parcel.
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 5,770 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 31 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CARROLL S DINGEMANS ET AL | RESIDENTIAL | $356,700 | 60 ft |
| 41 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | A W WIRTZFELD & R M PANTON | RESIDENTIAL | $452,100 | 62 ft |
| 29 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 29 MELBOURNE ASSOCIATES LLC | RESIDENTIAL-TWO UNIT | $542,500 | 106 ft |
| 43 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | GINA FRUNCILLO | RESIDENTIAL-TWO UNIT | $558,600 | 112 ft |
| 2101 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CAPGROW HLDG JV SUB VIII LLC | RESIDENTIAL-TWO UNIT | $317,000 | 135 ft |
| 2105 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | C F DINGEMANS & S M ERSTAD | RESIDENTIAL | $272,300 | 137 ft |
| 2025 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CHRISTOPHER KELLY ET AL | RESIDENTIAL | $411,900 | 139 ft |
| 2021 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | K HERMAN & C M HERMAN | RESIDENTIAL | $380,000 | 145 ft |
| 24 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ALEXANDER & JENNIFER MILLER | RESIDENTIAL | $378,900 | 150 ft |
| 27 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | PHILIP HULT | RESIDENTIAL | $367,200 | 160 ft |
Most Recent Sale
Current Tax Year