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.
1 permit on record since 2018 · $7K total declared value · Most recent: Jun 2018 (misc)
AMERICAN RESIDENTIAL SERVICES 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 4,261 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 218 EMERALD ST S E MINNEAPOLIS MN 55414 | STEVE OLSON | RESIDENTIAL | $314,700 | 55 ft |
| 230 EMERALD ST S E MINNEAPOLIS MN 55414 | A M VERME & A MARTIN | RESIDENTIAL | $387,300 | 60 ft |
| 214 EMERALD ST S E MINNEAPOLIS MN 55414 | R F NYBERG & C R NYBERG | RESIDENTIAL | $362,000 | 105 ft |
| 236 EMERALD ST S E MINNEAPOLIS MN 55414 | RANDALL S WATERS | RESIDENTIAL | $347,000 | 120 ft |
| 225 BEDFORD ST S E MINNEAPOLIS MN 55414 | MANUCHEHR BASHIRI | RESIDENTIAL | $384,000 | 139 ft |
| 221 BEDFORD ST S E MINNEAPOLIS MN 55414 | B D WARTNER & L A GUNBERG | RESIDENTIAL | $436,900 | 148 ft |
| 229 BEDFORD ST S E MINNEAPOLIS MN 55414 | RENE V DAWIS ETAL | RESIDENTIAL | $381,400 | 153 ft |
| 212 EMERALD ST S E MINNEAPOLIS MN 55414 | KATIE TROTZKY/RANDALL SMITH | RESIDENTIAL | $298,000 | 155 ft |
| 219 BEDFORD ST S E MINNEAPOLIS MN 55414 | W W CAMPBELL & I J TERRY | RESIDENTIAL | $458,300 | 172 ft |
| 238 EMERALD ST S E MINNEAPOLIS MN 55414 | M STOESZ & A M SHELLABARGER | RESIDENTIAL | $414,800 | 180 ft |
Most Recent Sale
Current Tax Year