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.
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 2,443 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 61 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ANDREW S THIBODEAU | RESIDENTIAL | $383,800 | 37 ft |
| 55 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MICHAEL T EHLENZ | APARTMENT | $674,000 | 43 ft |
| 65 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J A BREKKE & J WALDEN | RESIDENTIAL | $420,900 | 74 ft |
| 51 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MELBOURNE PROPERTIES LLC | APARTMENT | $588,000 | 93 ft |
| 69 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 017-2 IH BORROWER L P | RESIDENTIAL | $372,600 | 111 ft |
| 2001 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | SETH EVERETT WERNER | VACANT LAND-RESIDENTIAL | $138,000 | 141 ft |
| 49 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | BRIAN J MALLOY | RESIDENTIAL | $387,700 | 143 ft |
| 2003 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | A MEIER & S WERNER | RESIDENTIAL | $478,100 | 146 ft |
| 1919 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | NORINA JIMENO/GENE HARVEY | RESIDENTIAL | $329,200 | 153 ft |
| 71 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | JOAN A CLARKSON TRUST | RESIDENTIAL | $447,600 | 156 ft |
Most Recent Sale
Current Tax Year