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.
No permits found in Minneapolis open data for this parcel.
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 3,454 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 130 WARWICK ST SE MINNEAPOLIS MN 55414 | AARON BERGAD & ANGELS BRAIN | RESIDENTIAL | $563,000 | 50 ft |
| 138 WARWICK ST SE MINNEAPOLIS MN 55414 | SUZANNE KOSMALSKI | RESIDENTIAL | $420,900 | 50 ft |
| 142 WARWICK ST SE MINNEAPOLIS MN 55414 | CHARLES BORRELL | RESIDENTIAL | $188,100 | 97 ft |
| 126 WARWICK ST SE MINNEAPOLIS MN 55414 | W D PHILLIPS & A PHILLIPS | RESIDENTIAL | $501,000 | 100 ft |
| 183 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | EMMA JONES & VAUGHN SCHMID | RESIDENTIAL | $474,400 | 138 ft |
| 1915 SHARON AVE S E MINNEAPOLIS MN 55414 | KARI BIBLE | RESIDENTIAL-TWO UNIT | $441,000 | 139 ft |
| 124 WARWICK ST SE MINNEAPOLIS MN 55414 | K MANTHEY & KEVIN LOECKE | RESIDENTIAL | $330,000 | 144 ft |
| 181 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | LORI A REESE/TAMARA E EARLEY | RESIDENTIAL | $354,000 | 145 ft |
| 189 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | JACOB KRUSE & KYLE PIGG | RESIDENTIAL | $308,000 | 153 ft |
| 175 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | ERIC PALAN/LAUREN PALAN | RESIDENTIAL | $408,000 | 168 ft |
Most Recent Sale
Current Tax Year