ParcelLens
Property Intelligence · Twin Cities
Loading property data…
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 ↗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.
5 permits on record since 2017 · $37K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
RENEWAL BY ANDERSEN CORP
Minnesota Restoration Contractors INC
Farr Plumbing and Heating LLC
Boehm's 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 3,548 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 43 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | GINA FRUNCILLO | RESIDENTIAL-TWO UNIT | $558,600 | 50 ft |
| 33 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | REAL-ESTATE INVEST ALPHA LLC | TRIPLEX | $680,100 | 62 ft |
| 49 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | BRIAN J MALLOY | RESIDENTIAL | $387,700 | 100 ft |
| 31 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | CARROLL S DINGEMANS ET AL | RESIDENTIAL | $356,700 | 122 ft |
| 2021 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | K HERMAN & C M HERMAN | RESIDENTIAL | $380,000 | 143 ft |
| 2019 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | B & V MARSHALL | RESIDENTIAL | $780,000 | 145 ft |
| 51 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MICHAEL T EHLENZ | APARTMENT | $588,000 | 150 ft |
| 2025 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CHRISTOPHER KELLY ET AL | RESIDENTIAL | $411,900 | 156 ft |
| 29 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 29 MELBOURNE ASSOCIATES LLC | RESIDENTIAL-TWO UNIT | $542,500 | 167 ft |
| 24 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ALEXANDER & JENNIFER MILLER | RESIDENTIAL | $378,900 | 167 ft |
Most Recent Sale
Current Tax Year