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 2018 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Swat Holdings 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 5,608 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 166 BEDFORD ST S E MINNEAPOLIS MN 55414 | SARA T & OSWALD U DOURE | RESIDENTIAL-TWO UNIT | $456,400 | 62 ft |
| 180 BEDFORD ST S E MINNEAPOLIS MN 55414 | A MCDONALD & C MCDONALD | RESIDENTIAL | $410,800 | 68 ft |
| 162 BEDFORD ST S E MINNEAPOLIS MN 55414 | R C & N M BERGMAN | APARTMENT | $566,000 | 113 ft |
| 143 CECIL ST S E MINNEAPOLIS MN 55414 | S MARQUART & D MARQUART JR | CONDOMINIUM | $265,000 | 139 ft |
| 145 CECIL ST S E MINNEAPOLIS MN 55414 | ANTHONY G WRICH | CONDOMINIUM | $292,000 | 139 ft |
| MN | Unknown | — | — | 139 ft |
| 139 CECIL ST S E MINNEAPOLIS MN 55414 | 2020 DEJAEGHERE-ADRIANY F R | RESIDENTIAL | $372,600 | 142 ft |
| 147 CECIL ST S E MINNEAPOLIS MN 55414 | E SPENCER-KAPLAN & R KAPLAN | RESIDENTIAL | $477,800 | 156 ft |
| 137 CECIL ST S E MINNEAPOLIS MN 55414 | WATERSTONE INVESTMENTS INC | RESIDENTIAL-TWO UNIT | $392,500 | 161 ft |
| 158 BEDFORD ST S E MINNEAPOLIS MN 55414 | BRIDGET O'FLAHERTY | RESIDENTIAL | $347,400 | 163 ft |
Most Recent Sale
Current Tax Year