ParcelLens
Property Intelligence · Twin Cities
Loading property data…
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 2007 · $174K total declared value · Most recent: Jul 2025 (misc)
Preferred Contracting and Construction
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 7,874 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1604 RIVER TER E MINNEAPOLIS MN 55414 | R E ANHOLT & A B WALTNER | RESIDENTIAL | $630,000 | 71 ft |
| 1560 RIVER TER E MINNEAPOLIS MN 55414 | TARA M BELLVILLE ET AL | RESIDENTIAL | $495,100 | 75 ft |
| 1610 RIVER TER E MINNEAPOLIS MN 55414 | FIRST TRUST NTNL ASSOC TRSTE | RESIDENTIAL | $591,000 | 138 ft |
| 1554 RIVER TER E MINNEAPOLIS MN 55414 | E CALDERON & T H CALDERON | RESIDENTIAL | $591,000 | 150 ft |
| 1601 RIVER PKWY E MINNEAPOLIS MN 55414 | LYNNE A BARDY TRUST | RESIDENTIAL | $896,100 | 183 ft |
| 1605 RIVER PKWY E MINNEAPOLIS MN 55414 | J WEST & L BURTON-WEST | RESIDENTIAL | $670,400 | 198 ft |
| 1531 RIVER PKWY E MINNEAPOLIS MN 55414 | LOUIS J DE WITT | RESIDENTIAL | $807,900 | 200 ft |
| 1616 RIVER TER E MINNEAPOLIS MN 55414 | L J THEIS & C GROSS | RESIDENTIAL | $543,900 | 203 ft |
| 1569 RIVER TER E MINNEAPOLIS MN 55414 | J P JANSEN & C R JANSEN | RESIDENTIAL | $540,000 | 214 ft |
| 1601 RIVER TER E MINNEAPOLIS MN 55414 | BRYAN RALPH HIGGINS | RESIDENTIAL | $469,000 | 222 ft |
Most Recent Sale
Current Tax Year