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.
10 permits on record since 2019 · $99K total declared value · Most recent: Jan 2025 (remodel)
A TO Z Construction Inc
Johnson Plumbing and Heating Co
Standard Heating and Air Conditioning Inc
ED BROWN PLUMBING LLC
GREAT LAKES WINDOW AND SIDING CO
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
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.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 143 CECIL ST S E MINNEAPOLIS MN 55414 | S MARQUART & D MARQUART JR | CONDOMINIUM | $265,000 | 0 ft |
| 145 CECIL ST S E MINNEAPOLIS MN 55414 | ANTHONY G WRICH | CONDOMINIUM | $292,000 | 0 ft |
| 139 CECIL ST S E MINNEAPOLIS MN 55414 | 2020 DEJAEGHERE-ADRIANY F R | RESIDENTIAL | $372,600 | 50 ft |
| 147 CECIL ST S E MINNEAPOLIS MN 55414 | E SPENCER-KAPLAN & R KAPLAN | RESIDENTIAL | $477,800 | 55 ft |
| 137 CECIL ST S E MINNEAPOLIS MN 55414 | WATERSTONE INVESTMENTS INC | RESIDENTIAL-TWO UNIT | $392,500 | 100 ft |
| 172 BEDFORD ST S E MINNEAPOLIS MN 55414 | YUE WU & CASEY PERRY | RESIDENTIAL | $381,600 | 139 ft |
| 180 BEDFORD ST S E MINNEAPOLIS MN 55414 | A MCDONALD & C MCDONALD | RESIDENTIAL | $410,800 | 147 ft |
| 131 CECIL ST S E MINNEAPOLIS MN 55414 | DELANO E HAMPTON | RESIDENTIAL | $291,600 | 150 ft |
| 166 BEDFORD ST S E MINNEAPOLIS MN 55414 | SARA T & OSWALD U DOURE | RESIDENTIAL-TWO UNIT | $456,400 | 159 ft |
| 201 CECIL ST S E MINNEAPOLIS MN 55414 | J G BRATT & M B BRATT | RESIDENTIAL | $376,200 | 171 ft |