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 2017 · Most recent: Dec 2019 (existres)
Airic's Heating & Air Conditioning Inc
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
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 3,463 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 119 CECIL ST S E MINNEAPOLIS MN 55414 | JOHN THORNTON | RESIDENTIAL-TWO UNIT | $453,200 | 50 ft |
| 109 CECIL ST S E MINNEAPOLIS MN 55414 | B A FROSLEE & W P O'CONNOR | RESIDENTIAL | $367,400 | 50 ft |
| 121 CECIL ST S E MINNEAPOLIS MN 55414 | NANCY ESERKALN | RESIDENTIAL | $518,500 | 100 ft |
| 107 CECIL ST S E MINNEAPOLIS MN 55414 | 107 CECIL ST LLC | RESIDENTIAL-TWO UNIT | $438,800 | 100 ft |
| 144 BEDFORD ST S E MINNEAPOLIS MN 55414 | DANIEL L COOK & LORNA COOK | RESIDENTIAL | $306,000 | 140 ft |
| 140 BEDFORD ST S E MINNEAPOLIS MN 55414 | M J BUELL & P A TAURICK | RESIDENTIAL | $423,200 | 143 ft |
| 148 BEDFORD ST S E MINNEAPOLIS MN 55414 | S A JONES & J B JONES | RESIDENTIAL | $398,500 | 155 ft |
| 125 CECIL ST S E MINNEAPOLIS MN 55414 | DELANO EUGENE HAMPTON | RESIDENTIAL-TWO UNIT | $467,600 | 162 ft |
| 136 BEDFORD ST S E MINNEAPOLIS MN 55414 | M S ERNST/C D ERNST ET AL | RESIDENTIAL | $336,400 | 163 ft |
| 152 BEDFORD ST S E MINNEAPOLIS MN 55414 | PRATT FAMILY TRUST | RESIDENTIAL | $300,500 | 179 ft |
Most Recent Sale
Current Tax Year