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 2023 · $11K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
SULLIVAN CONSTRUCTION CO
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
Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1616 RIVER TER E MINNEAPOLIS MN 55414 | L J THEIS & C GROSS | RESIDENTIAL | $543,900 | 66 ft |
| 1604 RIVER TER E MINNEAPOLIS MN 55414 | R E ANHOLT & A B WALTNER | RESIDENTIAL | $630,000 | 67 ft |
| 1620 RIVER TER E MINNEAPOLIS MN 55414 | R HALBACH & P LARSON | RESIDENTIAL | $502,200 | 124 ft |
| 1600 RIVER TER E MINNEAPOLIS MN 55414 | T W KAMPA & M M BARRON | RESIDENTIAL | $589,600 | 138 ft |
| 1624 RIVER TER E MINNEAPOLIS MN 55414 | CHRISTINE M MATIMBA | RESIDENTIAL | $469,500 | 175 ft |
| 1611 RIVER PKWY E MINNEAPOLIS MN 55414 | EMANUEL EBIN & BETH EBIN | RESIDENTIAL | $649,100 | 183 ft |
| 1615 RIVER PKWY E MINNEAPOLIS MN 55414 | JENNIFER TULLOSS | RESIDENTIAL | $604,100 | 188 ft |
| 1605 RIVER PKWY E MINNEAPOLIS MN 55414 | J WEST & L BURTON-WEST | RESIDENTIAL | $670,400 | 194 ft |
| 1560 RIVER TER E MINNEAPOLIS MN 55414 | TARA M BELLVILLE ET AL | RESIDENTIAL | $495,100 | 213 ft |
| 1615 RIVER TER E MINNEAPOLIS MN 55414 | ANDREJ J SZABAD | RESIDENTIAL | $282,000 | 214 ft |