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: Sep 2022 (misc)
SELA ROOFING AND REMODELING INC
Jane Caplow
ST PAUL PLUMBING AND HEATING CO INC
CENTERPOINT ENERGY
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 1,528 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1920 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | MERCIL RENTAL PROPERTIES LLC | APARTMENT | $506,000 | 42 ft |
| 1912 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | A M JOHNSON & S M JOHNSON | RESIDENTIAL | $352,000 | 42 ft |
| 108 WARWICK ST SE MINNEAPOLIS MN 55414 | DANIEL J HUNT | RESIDENTIAL-TWO UNIT | $380,800 | 66 ft |
| 1910 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | 600 SHEPHERD SD LLC | RESIDENTIAL | $259,000 | 97 ft |
| 112 WARWICK ST SE MINNEAPOLIS MN 55414 | R M HAMILTON & L M WANSKI | RESIDENTIAL | $526,300 | 116 ft |
| 1904 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | DARLA RAE WEXLER | RESIDENTIAL | $352,000 | 139 ft |
| 157 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | P W HANSON & C J HANSON | RESIDENTIAL | $327,000 | 157 ft |
| 116 WARWICK ST SE MINNEAPOLIS MN 55414 | ARTHUR MAUD | RESIDENTIAL | $246,300 | 163 ft |
| 1917 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | PROSPECT PARK PARTNERS LLC | RESIDENTIAL | $322,000 | 179 ft |
| 1900 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | VALERIE C LEE | RESIDENTIAL | $355,000 | 181 ft |
Most Recent Sale
Current Tax Year