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 2020 · $5K total declared value · Most recent: Oct 2020 (remodel)
ALL ENERGY SOLAR 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 7,494 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 241 CECIL ST S E MINNEAPOLIS MN 55414 | P EVANS & J STENNES | RESIDENTIAL | $397,300 | 86 ft |
| 244 BEDFORD ST S E MINNEAPOLIS MN 55414 | JOHN D LINES | APARTMENT | $522,500 | 126 ft |
| 248 BEDFORD ST S E MINNEAPOLIS MN 55414 | JUDY M BRATT | RESIDENTIAL | $392,600 | 127 ft |
| 237 CECIL ST S E MINNEAPOLIS MN 55414 | R J SYLVESTER LIV TRUST ETAL | APARTMENT | $536,800 | 146 ft |
| 240 BEDFORD ST S E MINNEAPOLIS MN 55414 | R&R PROPERTY RENTALS LLC | APARTMENT | $492,800 | 152 ft |
| 252 BEDFORD ST S E MINNEAPOLIS MN 55414 | FORAM NYBERG/BENJAMIN NYBERG | RESIDENTIAL | $600,100 | 170 ft |
| 236 BEDFORD ST S E MINNEAPOLIS MN 55414 | JAMES RICHARD CHICK | RESIDENTIAL | $455,500 | 194 ft |
| 233 CECIL ST S E MINNEAPOLIS MN 55414 | T D LAWSON & K D LAWSON | RESIDENTIAL | $416,700 | 206 ft |
| 234 BEDFORD ST S E MINNEAPOLIS MN 55414 | WILLIAM T RICHARDSON | RESIDENTIAL | $456,400 | 243 ft |
| 229 CECIL ST S E MINNEAPOLIS MN 55414 | GARY W COOK ETAL | RESIDENTIAL | $425,200 | 266 ft |
Most Recent Sale
Current Tax Year