ParcelLens
Property Intelligence · Twin Cities
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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.
2 permits on record since 2017 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Pronto 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 9,289 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1955 RIVER TER E MINNEAPOLIS MN 55414 | DIVYA KARAN/VINAY GIDWANI | RESIDENTIAL | $619,000 | 75 ft |
| 1941 RIVER TER E MINNEAPOLIS MN 55414 | BARBARA T DUCAT TRUST | RESIDENTIAL | $708,000 | 87 ft |
| 1961 RIVER TER E MINNEAPOLIS MN 55414 | M J MCCOMAS & J J MCCOMAS | RESIDENTIAL | $433,000 | 151 ft |
| 1933 RIVER TER E MINNEAPOLIS MN 55414 | P A CUMBIE & S M DOYLE | RESIDENTIAL | $647,000 | 184 ft |
| 1965 RIVER TER E MINNEAPOLIS MN 55414 | JANELLE M KINNING | RESIDENTIAL | $477,700 | 213 ft |
| 1948 RIVER TER E MINNEAPOLIS MN 55414 | CRISTINA SANTOS & JOHN V VIK | RESIDENTIAL | $420,000 | 227 ft |
| 1944 RIVER TER E MINNEAPOLIS MN 55414 | SUSAN M ROHDE | RESIDENTIAL | $598,000 | 232 ft |
| 1952 RIVER TER E MINNEAPOLIS MN 55414 | MARION C WARWICK | RESIDENTIAL | $461,900 | 235 ft |
| 1956 RIVER TER E MINNEAPOLIS MN 55414 | SEAN EDWARD SHERMAN | RESIDENTIAL | $457,200 | 253 ft |
| 1940 RIVER TER E MINNEAPOLIS MN 55414 | JHNA E LUNDIN TRUST AGR | RESIDENTIAL | $567,700 | 254 ft |
Current Tax Year