Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
6 permits on record since 2004 · $130K total declared value · Most recent: Jan 2026 (existres)
Krinkie Heating & Air Conditiong
Hero Home Services LLC
Warners Stellian Co Inc
WALKER ROOFING CO
Krinkie Heating & Air Conditiong
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 4,900 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 14 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | C W JOHNSON & S A SHEARER | CONDOMINIUM | $314,000 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 20 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | A N GRANT & J J THOTLAND | RESIDENTIAL | $475,000 | 52 ft |
| 8 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | N FILIPOVICH/P D VANCE LV TR | RESIDENTIAL | $568,000 | 60 ft |
| 24 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ALEXANDER & JENNIFER MILLER | RESIDENTIAL | $378,900 | 90 ft |
| 132 ORLIN AVE S E MINNEAPOLIS MN 55414 | N STOCKING & INGRID STOCKING | RESIDENTIAL-TWO UNIT | $510,100 | 95 ft |
| 138 ORLIN AVE S E MINNEAPOLIS MN 55414 | T R & C L ERICKSON | RESIDENTIAL-TWO UNIT | $405,900 | 113 ft |
| 36 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ANTHONY M JONES | RESIDENTIAL | $565,500 | 120 ft |
| 2 MELBOURNE AVE S E MINNEAPOLIS MN 55414 | ARVIND MAIER | RESIDENTIAL | $433,400 | 122 ft |
| 130 ORLIN AVE S E MINNEAPOLIS MN 55414 | ZACHARY ROBB/JENNIFER NELSON | RESIDENTIAL-TWO UNIT | $566,600 | 125 ft |
Most Recent Sale
Current Tax Year