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 2024 · Most recent: Jan 2026 (res)
CenterPoint Energy Resource Corp
SODERLIN PLUMBING HEATING AND AIR
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 1,471 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2219 SHARON AVE S E MINNEAPOLIS MN 55414 | LAKES & PLAINS LLC | RESIDENTIAL | $412,100 | 42 ft |
| 170 EMERALD ST S E MINNEAPOLIS MN 55414 | SUSAN CAPLOW/ARTHUR HERBERT | RESIDENTIAL | $356,500 | 81 ft |
| 2223 SHARON AVE S E MINNEAPOLIS MN 55414 | R W SUN & M L WILSON | RESIDENTIAL | $274,700 | 84 ft |
| 177 BEDFORD ST S E MINNEAPOLIS MN 55414 | SCOTT BALDWIN ETAL | RESIDENTIAL | $390,700 | 97 ft |
| 173 BEDFORD ST S E MINNEAPOLIS MN 55414 | JOYCE L ROTTSCHAEFER | RESIDENTIAL | $414,000 | 109 ft |
| 166 EMERALD ST S E MINNEAPOLIS MN 55414 | SUNOOK SHIN | RESIDENTIAL | $329,800 | 126 ft |
| 167 BEDFORD ST S E MINNEAPOLIS MN 55414 | C BELLE & S B LEVINE TRUST | RESIDENTIAL | $321,600 | 150 ft |
| 2214 SHARON AVE S E MINNEAPOLIS MN 55414 | RICK C & NANCY M BERGMAN | APARTMENT | $575,000 | 154 ft |
| 201 BEDFORD ST S E MINNEAPOLIS MN 55414 | L OVENSHIRE & R OVENSHIRE | RESIDENTIAL | $263,000 | 160 ft |
| 2222 SHARON AVE S E MINNEAPOLIS MN 55414 | G ERIC & JEAN BAUER | RESIDENTIAL-TWO UNIT | $345,800 | 171 ft |
Most Recent Sale
Current Tax Year