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.
3 permits on record since 2021 · $36K total declared value · Most recent: Jun 2025 (existres)
Residential Heating and Air Conditioning Inc
Mike's Custom Mechanical Inc
Rare Homes 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 3,454 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 181 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | LORI A REESE/TAMARA E EARLEY | RESIDENTIAL | $354,000 | 50 ft |
| 189 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | JACOB KRUSE & KYLE PIGG | RESIDENTIAL | $308,000 | 62 ft |
| 175 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | ERIC PALAN/LAUREN PALAN | RESIDENTIAL | $408,000 | 100 ft |
| 1907 SHARON AVE S E MINNEAPOLIS MN 55414 | A B DANIEL & M A HOPP | RESIDENTIAL | $359,000 | 131 ft |
| 134 WARWICK ST SE MINNEAPOLIS MN 55414 | SHUBHANGI YADAV | TRIPLEX | $403,000 | 138 ft |
| 138 WARWICK ST SE MINNEAPOLIS MN 55414 | SUZANNE KOSMALSKI | RESIDENTIAL | $420,900 | 146 ft |
| 130 WARWICK ST SE MINNEAPOLIS MN 55414 | AARON BERGAD & ANGELS BRAIN | RESIDENTIAL | $563,000 | 148 ft |
| 173 SEYMOUR AVE S E MINNEAPOLIS MN 55414 | J R W KNUDSEN & J KNUDSEN | RESIDENTIAL | $458,000 | 150 ft |
| 142 WARWICK ST SE MINNEAPOLIS MN 55414 | CHARLES BORRELL | RESIDENTIAL | $188,100 | 167 ft |
| 126 WARWICK ST SE MINNEAPOLIS MN 55414 | W D PHILLIPS & A PHILLIPS | RESIDENTIAL | $501,000 | 173 ft |
Most Recent Sale
Current Tax Year