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.
5 permits on record since 2017 · $8K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Preferred Contracting and Construction
Hero Home Services LLC
Standard Heating and Air Conditioning Inc
Warners Stellian Co 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 7,133 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1610 RIVER TER E MINNEAPOLIS MN 55414 | FIRST TRUST NTNL ASSOC TRSTE | RESIDENTIAL | $591,000 | 67 ft |
| 1600 RIVER TER E MINNEAPOLIS MN 55414 | T W KAMPA & M M BARRON | RESIDENTIAL | $589,600 | 71 ft |
| 1616 RIVER TER E MINNEAPOLIS MN 55414 | L J THEIS & C GROSS | RESIDENTIAL | $543,900 | 132 ft |
| 1560 RIVER TER E MINNEAPOLIS MN 55414 | TARA M BELLVILLE ET AL | RESIDENTIAL | $495,100 | 146 ft |
| 1605 RIVER PKWY E MINNEAPOLIS MN 55414 | J WEST & L BURTON-WEST | RESIDENTIAL | $670,400 | 182 ft |
| 1620 RIVER TER E MINNEAPOLIS MN 55414 | R HALBACH & P LARSON | RESIDENTIAL | $502,200 | 191 ft |
| 1601 RIVER PKWY E MINNEAPOLIS MN 55414 | LYNNE A BARDY TRUST | RESIDENTIAL | $896,100 | 194 ft |
| 1611 RIVER PKWY E MINNEAPOLIS MN 55414 | EMANUEL EBIN & BETH EBIN | RESIDENTIAL | $649,100 | 195 ft |
| 1601 RIVER TER E MINNEAPOLIS MN 55414 | BRYAN RALPH HIGGINS | RESIDENTIAL | $469,000 | 215 ft |
| 1609 RIVER TER E MINNEAPOLIS MN 55414 | F S CREA & L L LEDIN TRUST | RESIDENTIAL | $446,400 | 218 ft |
Most Recent Sale
Current Tax Year