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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
6 permits on record since 2017 · Most recent: Nov 2017 (comnofdbv)
All Ways Drains Ltd
All Ways Drains Ltd
CENTERPOINT ENERGY
CENTERPOINT ENERGY
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 1,384 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1916 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | J M CAPLOW & R L FRANCIS | RESIDENTIAL | $408,100 | 42 ft |
| 108 WARWICK ST SE MINNEAPOLIS MN 55414 | DANIEL J HUNT | RESIDENTIAL-TWO UNIT | $380,800 | 80 ft |
| 1912 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | A M JOHNSON & S M JOHNSON | RESIDENTIAL | $352,000 | 84 ft |
| 112 WARWICK ST SE MINNEAPOLIS MN 55414 | R M HAMILTON & L M WANSKI | RESIDENTIAL | $526,300 | 125 ft |
| 1910 FRANKLIN AVE S E MINNEAPOLIS MN 55414 | 600 SHEPHERD SD LLC | RESIDENTIAL | $259,000 | 139 ft |
| 105 WARWICK ST SE MINNEAPOLIS MN 55414 | JOHN S PATENAUDE | RESIDENTIAL | $328,000 | 145 ft |
| 103 WARWICK ST SE MINNEAPOLIS MN 55414 | CHRISTOPHER WAHRMAN | RESIDENTIAL | $304,000 | 147 ft |
| 109 WARWICK ST SE MINNEAPOLIS MN 55414 | M KRAUSE & W POMERANTZ | RESIDENTIAL | $424,100 | 149 ft |
| 116 WARWICK ST SE MINNEAPOLIS MN 55414 | ARTHUR MAUD | RESIDENTIAL | $246,300 | 169 ft |
| 111 WARWICK ST SE MINNEAPOLIS MN 55414 | M KRAUSE & W POMERANTZ | RESIDENTIAL | $221,000 | 172 ft |
Current Tax Year