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 2019 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Linn Star Transfer 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 3,711 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 208 BEDFORD ST S E MINNEAPOLIS MN 55414 | S CASPERS & P SMULL | RESIDENTIAL-TWO UNIT | $465,500 | 50 ft |
| 218 BEDFORD ST S E MINNEAPOLIS MN 55414 | STEPHEN M WOESSNER | RESIDENTIAL | $357,500 | 50 ft |
| 220 BEDFORD ST S E MINNEAPOLIS MN 55414 | R SMITH & K TROTZKY | RESIDENTIAL | $451,100 | 100 ft |
| 204 BEDFORD ST S E MINNEAPOLIS MN 55414 | ERYN VINCENT/OWEN D VINCENT | RESIDENTIAL | $472,400 | 101 ft |
| 215 CECIL ST S E MINNEAPOLIS MN 55414 | A ALARCON & C A A GAYON | RESIDENTIAL | $458,000 | 132 ft |
| 211 CECIL ST S E MINNEAPOLIS MN 55414 | A J WRIGHT & J R HUSNEY | RESIDENTIAL | $485,600 | 140 ft |
| 217 CECIL ST S E MINNEAPOLIS MN 55414 | T P JUHL & MICHELLE L JUHL | RESIDENTIAL | $386,000 | 143 ft |
| 200 BEDFORD ST S E MINNEAPOLIS MN 55414 | BETH JARRETT/ALEX CASTRODALE | RESIDENTIAL | $370,300 | 150 ft |
| 224 BEDFORD ST S E MINNEAPOLIS MN 55414 | J P KEILTY & K A KEILTY | RESIDENTIAL | $520,100 | 155 ft |
| 221 CECIL ST S E MINNEAPOLIS MN 55414 | P L BRUCH JR & A C RIETH | RESIDENTIAL | $304,100 | 168 ft |
Most Recent Sale
Current Tax Year