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.
3 permits on record since 2007 · $430K total declared value · Most recent: Jan 2019 (res)
Urban Pine Plumbing and Mechanical 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 7,286 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2015 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | J M JUNGERS & J R KEVILLE | RESIDENTIAL | $386,400 | 56 ft |
| 2021 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | K HERMAN & C M HERMAN | RESIDENTIAL | $380,000 | 59 ft |
| 2011 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CAROLYN MAIER | RESIDENTIAL | $376,600 | 91 ft |
| 2025 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CHRISTOPHER KELLY ET AL | RESIDENTIAL | $411,900 | 105 ft |
| 2007 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | S M WILLGING & K L WELLS | RESIDENTIAL | $302,200 | 126 ft |
| 43 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | GINA FRUNCILLO | RESIDENTIAL-TWO UNIT | $558,600 | 141 ft |
| 41 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | A W WIRTZFELD & R M PANTON | RESIDENTIAL | $452,100 | 145 ft |
| 2101 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | CAPGROW HLDG JV SUB VIII LLC | RESIDENTIAL-TWO UNIT | $317,000 | 149 ft |
| 49 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | BRIAN J MALLOY | RESIDENTIAL | $387,700 | 155 ft |
| 2003 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | A MEIER & S WERNER | RESIDENTIAL | $478,100 | 169 ft |
Current Tax Year