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 2018 · Most recent: Apr 2025 (commercial minor)
Ryan Plumbing And Heating Co
The Snelling Co Inc
Twin City Fireplace & Stone Company
Twin City Fireplace & Stone Company
PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING
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 8,883 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1921 RIVER TER E MINNEAPOLIS MN 55414 | RUTH E JAMIESON TRUST | RESIDENTIAL | $463,000 | 87 ft |
| 1933 RIVER TER E MINNEAPOLIS MN 55414 | P A CUMBIE & S M DOYLE | RESIDENTIAL | $647,000 | 95 ft |
| 1915 RIVER TER E MINNEAPOLIS MN 55414 | M A GEHRING & J D HED | RESIDENTIAL | $411,000 | 154 ft |
| 1941 RIVER TER E MINNEAPOLIS MN 55414 | BARBARA T DUCAT TRUST | RESIDENTIAL | $708,000 | 192 ft |
| 1924 RIVER TER E MINNEAPOLIS MN 55414 | NATHAN RICE & LINDSAY JURIGA | RESIDENTIAL | $525,000 | 206 ft |
| 1928 RIVER TER E MINNEAPOLIS MN 55414 | MARIANNA B PRIEST | RESIDENTIAL | $542,800 | 209 ft |
| 1920 RIVER TER E MINNEAPOLIS MN 55414 | S F SENCER & D A MURA | RESIDENTIAL | $631,100 | 214 ft |
| 1909 RIVER TER E MINNEAPOLIS MN 55414 | J STUBBS & A M W STUBBS | RESIDENTIAL | $626,100 | 222 ft |
| 1932 RIVER TER E MINNEAPOLIS MN 55414 | S PRIEST/C PRIEST & J PRIEST | RESIDENTIAL | $557,000 | 228 ft |
| 1916 RIVER TER E MINNEAPOLIS MN 55414 | D TOLLEFSON & C TOLLEFSON | RESIDENTIAL | $514,800 | 233 ft |
Current Tax Year