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.
4 permits on record since 2017 · Most recent: Dec 2025 (res)
Genz-Ryan Plumbing and Heating Co
CenterPoint Energy Resource Corp
McQuillan Bros Plumbing Heating & AC LLC
Airic's Heating & Air Conditioning 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 8,199 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1554 RIVER TER E MINNEAPOLIS MN 55414 | E CALDERON & T H CALDERON | RESIDENTIAL | $591,000 | 75 ft |
| 1600 RIVER TER E MINNEAPOLIS MN 55414 | T W KAMPA & M M BARRON | RESIDENTIAL | $589,600 | 75 ft |
| 1604 RIVER TER E MINNEAPOLIS MN 55414 | R E ANHOLT & A B WALTNER | RESIDENTIAL | $630,000 | 146 ft |
| 1550 RIVER TER E MINNEAPOLIS MN 55414 | LINDA LEE WILSON | RESIDENTIAL | $683,000 | 150 ft |
| 1531 RIVER PKWY E MINNEAPOLIS MN 55414 | LOUIS J DE WITT | RESIDENTIAL | $807,900 | 183 ft |
| 1601 RIVER PKWY E MINNEAPOLIS MN 55414 | LYNNE A BARDY TRUST | RESIDENTIAL | $896,100 | 195 ft |
| 1525 RIVER PKWY E MINNEAPOLIS MN 55414 | N LEVINSON & T FREEDMAN | RESIDENTIAL | $784,500 | 197 ft |
| 1544 RIVER TER E MINNEAPOLIS MN 55414 | LESLIE JANE YONCE | RESIDENTIAL | $506,000 | 213 ft |
| 1610 RIVER TER E MINNEAPOLIS MN 55414 | FIRST TRUST NTNL ASSOC TRSTE | RESIDENTIAL | $591,000 | 213 ft |
| 1563 RIVER TER E MINNEAPOLIS MN 55414 | STEPHEN JOHN LANG | RESIDENTIAL | $456,400 | 219 ft |
Current Tax Year