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 2020 · $36K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
ST CROIX CARPENTRY 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 2,596 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 121 WARWICK ST SE MINNEAPOLIS MN 55414 | JOSEPH MOREY & ZOEY ANN COOK | RESIDENTIAL-TWO UNIT | $418,800 | 32 ft |
| 113 WARWICK ST SE MINNEAPOLIS MN 55414 | SHANNON SKARPHOL | RESIDENTIAL-TWO UNIT | $587,300 | 43 ft |
| 123 WARWICK ST SE MINNEAPOLIS MN 55414 | RANDALL A FEE | RESIDENTIAL | $187,000 | 58 ft |
| 111 WARWICK ST SE MINNEAPOLIS MN 55414 | M KRAUSE & W POMERANTZ | RESIDENTIAL | $221,000 | 83 ft |
| 125 WARWICK ST SE MINNEAPOLIS MN 55414 | M THIEL & T THIEL | RESIDENTIAL | $341,800 | 95 ft |
| 109 WARWICK ST SE MINNEAPOLIS MN 55414 | M KRAUSE & W POMERANTZ | RESIDENTIAL | $424,100 | 115 ft |
| 118 CECIL ST S E MINNEAPOLIS MN 55414 | S ROTTSCHAEFER & S PARSHLEY | RESIDENTIAL | $284,000 | 139 ft |
| 120 CECIL ST S E MINNEAPOLIS MN 55414 | DEREK DOBSON | RESIDENTIAL | $245,000 | 141 ft |
| 129 WARWICK ST SE MINNEAPOLIS MN 55414 | R R HASTINGS & A E HASTINGS | RESIDENTIAL | $353,000 | 145 ft |
| 112 CECIL ST S E MINNEAPOLIS MN 55414 | MARK BROWN & KATEE BROWN | RESIDENTIAL-TWO UNIT | $400,700 | 153 ft |
Most Recent Sale
Current Tax Year