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.
5 permits on record since 2017 · $110K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Gail F Hughes
HALET BLDG AND REMODELING INC
HALET BLDG AND REMODELING INC
Gail F Hughes
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 3,451 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 137 WARWICK ST SE MINNEAPOLIS MN 55414 | PALMER BRIDGES ET AL | RESIDENTIAL-TWO UNIT | $539,200 | 50 ft |
| 2001 SHARON AVE S E MINNEAPOLIS MN 55414 | JOHN DAVID FENLEY | RESIDENTIAL | $373,800 | 55 ft |
| 133 WARWICK ST SE MINNEAPOLIS MN 55414 | W & P LEE | RESIDENTIAL | $334,700 | 100 ft |
| 144 CECIL ST S E MINNEAPOLIS MN 55414 | JEANNE L STEVER | RESIDENTIAL | $350,000 | 140 ft |
| 136 CECIL ST S E MINNEAPOLIS MN 55414 | LINA A HAMID | RESIDENTIAL-TWO UNIT | $459,800 | 141 ft |
| 129 WARWICK ST SE MINNEAPOLIS MN 55414 | R R HASTINGS & A E HASTINGS | RESIDENTIAL | $353,000 | 150 ft |
| 146 CECIL ST S E MINNEAPOLIS MN 55414 | ZAKARIYA SALAH | RESIDENTIAL-TWO UNIT | $421,200 | 152 ft |
| 134 CECIL ST S E MINNEAPOLIS MN 55414 | J J JEDDELOH & J M JEDDELOH | RESIDENTIAL-TWO UNIT | $413,000 | 154 ft |
| 132 CECIL ST S E MINNEAPOLIS MN 55414 | SATISH RAMADHYANI ET AL | RESIDENTIAL | $421,400 | 177 ft |
| 138 WARWICK ST SE MINNEAPOLIS MN 55414 | SUZANNE KOSMALSKI | RESIDENTIAL | $420,900 | 187 ft |
Current Tax Year