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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 2025 · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
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 4,648 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 240 BEDFORD ST S E MINNEAPOLIS MN 55414 | R&R PROPERTY RENTALS LLC | APARTMENT | $492,800 | 60 ft |
| 248 BEDFORD ST S E MINNEAPOLIS MN 55414 | JUDY M BRATT | RESIDENTIAL | $392,600 | 60 ft |
| 236 BEDFORD ST S E MINNEAPOLIS MN 55414 | JAMES RICHARD CHICK | RESIDENTIAL | $455,500 | 120 ft |
| 245 CECIL ST S E MINNEAPOLIS MN 55414 | C G DEYOUNG & K V CADIEUX | RESIDENTIAL | $421,600 | 126 ft |
| 252 BEDFORD ST S E MINNEAPOLIS MN 55414 | FORAM NYBERG/BENJAMIN NYBERG | RESIDENTIAL | $600,100 | 132 ft |
| 241 CECIL ST S E MINNEAPOLIS MN 55414 | P EVANS & J STENNES | RESIDENTIAL | $397,300 | 144 ft |
| 237 CECIL ST S E MINNEAPOLIS MN 55414 | R J SYLVESTER LIV TRUST ETAL | APARTMENT | $536,800 | 176 ft |
| 234 BEDFORD ST S E MINNEAPOLIS MN 55414 | WILLIAM T RICHARDSON | RESIDENTIAL | $456,400 | 180 ft |
| 243 BEDFORD ST S E MINNEAPOLIS MN 55414 | L STEINES & J BRONDER | RESIDENTIAL | $422,400 | 189 ft |
| 247 BEDFORD ST S E MINNEAPOLIS MN 55414 | M FRY-PERROW/J FRY-PERROW | RESIDENTIAL | $434,300 | 197 ft |
Most Recent Sale
Current Tax Year