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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.
4 permits on record since 2017 · $12K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Urban Pine Plumbing and Mechanical Inc
Standard Heating and Air Conditioning Inc
GUAMAN CONSTRUCTION AND HANDYMAN SERVICES LLC
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 2,222 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 61 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ANDREW S THIBODEAU | RESIDENTIAL | $383,800 | 36 ft |
| 69 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | 017-2 IH BORROWER L P | RESIDENTIAL | $372,600 | 37 ft |
| 59 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | T J LEIVERMANN & T HANKS | RESIDENTIAL | $414,400 | 74 ft |
| 71 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | JOAN A CLARKSON TRUST | RESIDENTIAL | $447,600 | 82 ft |
| 55 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MICHAEL T EHLENZ | APARTMENT | $674,000 | 117 ft |
| 75 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | W R SWANSON & P S PLUMSTEAD | RESIDENTIAL | $415,800 | 132 ft |
| 1919 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | NORINA JIMENO/GENE HARVEY | RESIDENTIAL | $329,200 | 142 ft |
| 1917 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PROSPECT PARK PARTNERS LLC | RESIDENTIAL | $322,000 | 145 ft |
| 2001 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | SETH EVERETT WERNER | VACANT LAND-RESIDENTIAL | $138,000 | 154 ft |
| 1913 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | D J ORSER & H D ORSER | RESIDENTIAL | $437,200 | 162 ft |
Most Recent Sale
Current Tax Year