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.
9 permits on record since 2018 · $25K total declared value · Most recent: Oct 2024 (conversion)
Arthur Herbert
DONNELLY STUCCO & EXTERIORS
Deziel Heating and Air Conditioning Inc
Water Heaters Now Inc
BUDGET EXTERIORS 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 3,452 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 166 EMERALD ST S E MINNEAPOLIS MN 55414 | SUNOOK SHIN | RESIDENTIAL | $329,800 | 50 ft |
| 2219 SHARON AVE S E MINNEAPOLIS MN 55414 | LAKES & PLAINS LLC | RESIDENTIAL | $412,100 | 68 ft |
| 2223 SHARON AVE S E MINNEAPOLIS MN 55414 | R W SUN & M L WILSON | RESIDENTIAL | $274,700 | 79 ft |
| 2215 SHARON AVE S E MINNEAPOLIS MN 55414 | MARK C COX | RESIDENTIAL | $226,300 | 81 ft |
| 162 EMERALD ST S E MINNEAPOLIS MN 55414 | MARGARET V MCCABE GUSTAVSON | RESIDENTIAL | $265,800 | 100 ft |
| 173 BEDFORD ST S E MINNEAPOLIS MN 55414 | JOYCE L ROTTSCHAEFER | RESIDENTIAL | $414,000 | 139 ft |
| 167 BEDFORD ST S E MINNEAPOLIS MN 55414 | C BELLE & S B LEVINE TRUST | RESIDENTIAL | $321,600 | 146 ft |
| 158 EMERALD ST S E MINNEAPOLIS MN 55414 | D G WINDEN & E M WINDEN | RESIDENTIAL | $365,100 | 150 ft |
| 177 BEDFORD ST S E MINNEAPOLIS MN 55414 | SCOTT BALDWIN ETAL | RESIDENTIAL | $390,700 | 162 ft |
| 163 BEDFORD ST S E MINNEAPOLIS MN 55414 | KELSEY CARLSON & ANNA MILLER | RESIDENTIAL-TWO UNIT | $452,200 | 168 ft |
Most Recent Sale
Current Tax Year