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.
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 4,035 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1609 RIVER TER E MINNEAPOLIS MN 55414 | F S CREA & L L LEDIN TRUST | RESIDENTIAL | $446,400 | 50 ft |
| 1617 RIVER TER E MINNEAPOLIS MN 55414 | LINDA ANNE RUST | RESIDENTIAL | $491,600 | 50 ft |
| 1601 RIVER TER E MINNEAPOLIS MN 55414 | BRYAN RALPH HIGGINS | RESIDENTIAL | $469,000 | 100 ft |
| 1621 RIVER TER E MINNEAPOLIS MN 55414 | L J TOWLE & K A TOWLE | RESIDENTIAL | $437,000 | 100 ft |
| 1625 RIVER TER E MINNEAPOLIS MN 55414 | E D COHEN/K J ROTH/F A ROTH | RESIDENTIAL | $480,000 | 150 ft |
| 1569 RIVER TER E MINNEAPOLIS MN 55414 | J P JANSEN & C R JANSEN | RESIDENTIAL | $540,000 | 163 ft |
| 1629 RIVER TER E MINNEAPOLIS MN 55414 | D S BROWN & A K MAXAM-BROWN | RESIDENTIAL | $502,200 | 200 ft |
| 1616 RIVER TER E MINNEAPOLIS MN 55414 | L J THEIS & C GROSS | RESIDENTIAL | $543,900 | 209 ft |
| 1610 RIVER TER E MINNEAPOLIS MN 55414 | FIRST TRUST NTNL ASSOC TRSTE | RESIDENTIAL | $591,000 | 214 ft |
| 1620 RIVER TER E MINNEAPOLIS MN 55414 | R HALBACH & P LARSON | RESIDENTIAL | $502,200 | 228 ft |
Most Recent Sale
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