ParcelLens
Property Intelligence · Twin Cities
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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.
5 permits on record since 2021 · $17K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
CenterPoint Energy Resource Corp
TRITON 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 3,455 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 158 BEDFORD ST S E MINNEAPOLIS MN 55414 | BRIDGET O'FLAHERTY | RESIDENTIAL | $347,400 | 50 ft |
| 166 BEDFORD ST S E MINNEAPOLIS MN 55414 | SARA T & OSWALD U DOURE | RESIDENTIAL-TWO UNIT | $456,400 | 50 ft |
| 156 BEDFORD ST S E MINNEAPOLIS MN 55414 | ARND SCHEEL/C L P SCHEEL | RESIDENTIAL-TWO UNIT | $789,100 | 94 ft |
| 172 BEDFORD ST S E MINNEAPOLIS MN 55414 | YUE WU & CASEY PERRY | RESIDENTIAL | $381,600 | 113 ft |
| 152 BEDFORD ST S E MINNEAPOLIS MN 55414 | PRATT FAMILY TRUST | RESIDENTIAL | $300,500 | 131 ft |
| 131 CECIL ST S E MINNEAPOLIS MN 55414 | DELANO E HAMPTON | RESIDENTIAL | $291,600 | 140 ft |
| 137 CECIL ST S E MINNEAPOLIS MN 55414 | WATERSTONE INVESTMENTS INC | RESIDENTIAL-TWO UNIT | $392,500 | 141 ft |
| 139 CECIL ST S E MINNEAPOLIS MN 55414 | 2020 DEJAEGHERE-ADRIANY F R | RESIDENTIAL | $372,600 | 159 ft |
| 125 CECIL ST S E MINNEAPOLIS MN 55414 | DELANO EUGENE HAMPTON | RESIDENTIAL-TWO UNIT | $467,600 | 161 ft |
| 148 BEDFORD ST S E MINNEAPOLIS MN 55414 | S A JONES & J B JONES | RESIDENTIAL | $398,500 | 175 ft |
Most Recent Sale
Current Tax Year