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.
2 permits on record since 2021 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Vector 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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Most Recent Sale
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 65 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | J A BREKKE & J WALDEN | RESIDENTIAL | $420,900 | 37 ft |
| 71 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | JOAN A CLARKSON TRUST | RESIDENTIAL | $447,600 | 45 ft |
| 61 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ANDREW S THIBODEAU | RESIDENTIAL | $383,800 | 74 ft |
| 75 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | W R SWANSON & P S PLUMSTEAD | RESIDENTIAL | $415,800 | 95 ft |
| 59 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | T J LEIVERMANN & T HANKS | RESIDENTIAL | $414,400 | 111 ft |
| 1917 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PROSPECT PARK PARTNERS LLC | RESIDENTIAL | $322,000 | 141 ft |
| 1913 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | D J ORSER & H D ORSER | RESIDENTIAL | $437,200 | 147 ft |
| 127 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | ANNELIESE SIMONS | RESIDENTIAL-TWO UNIT | $550,400 | 149 ft |
| 1919 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | NORINA JIMENO/GENE HARVEY | RESIDENTIAL | $329,200 | 150 ft |
| 55 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | MICHAEL T EHLENZ | APARTMENT | $674,000 | 154 ft |