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.
8 permits on record since 2017 · $42K total declared value · Most recent: Nov 2020 (res)
Warners Stellian Co Inc
CenterPoint Energy Resource Corp
SELECT EXTERIORS LLC
PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING
Airic's Heating & Air Conditioning 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 9,199 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1927 RIVER TER E MINNEAPOLIS MN 55414 | T E KILBURN & P G THOMSON TR | RESIDENTIAL-TWO UNIT | $611,400 | 95 ft |
| 1941 RIVER TER E MINNEAPOLIS MN 55414 | BARBARA T DUCAT TRUST | RESIDENTIAL | $708,000 | 97 ft |
| 1921 RIVER TER E MINNEAPOLIS MN 55414 | RUTH E JAMIESON TRUST | RESIDENTIAL | $463,000 | 182 ft |
| 1949 RIVER TER E MINNEAPOLIS MN 55414 | JANE M SCHULZ | RESIDENTIAL | $517,200 | 184 ft |
| 1932 RIVER TER E MINNEAPOLIS MN 55414 | S PRIEST/C PRIEST & J PRIEST | RESIDENTIAL | $557,000 | 211 ft |
| 1928 RIVER TER E MINNEAPOLIS MN 55414 | MARIANNA B PRIEST | RESIDENTIAL | $542,800 | 218 ft |
| 1940 RIVER TER E MINNEAPOLIS MN 55414 | JHNA E LUNDIN TRUST AGR | RESIDENTIAL | $567,700 | 223 ft |
| 1924 RIVER TER E MINNEAPOLIS MN 55414 | NATHAN RICE & LINDSAY JURIGA | RESIDENTIAL | $525,000 | 235 ft |
| 1915 RIVER TER E MINNEAPOLIS MN 55414 | M A GEHRING & J D HED | RESIDENTIAL | $411,000 | 249 ft |
| 1944 RIVER TER E MINNEAPOLIS MN 55414 | SUSAN M ROHDE | RESIDENTIAL | $598,000 | 252 ft |
Most Recent Sale
Current Tax Year