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 2018 · Most recent: Jan 2026 (res)
CenterPoint Energy Resource Corp
Farr Plumbing and Heating LLC
Warners Stellian Co Inc
WOODLAND STOVES & FIREPLACES
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,224 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 304 SEYMOUR PL S E MINNEAPOLIS MN 55414 | PER LARS HATLEVIK | RESIDENTIAL | $457,000 | 50 ft |
| 1624 RIVER TER E MINNEAPOLIS MN 55414 | CHRISTINE M MATIMBA | RESIDENTIAL | $469,500 | 90 ft |
| 308 SEYMOUR PL S E MINNEAPOLIS MN 55414 | MICHAEL E KOCH ETAL | RESIDENTIAL | $503,000 | 100 ft |
| 1620 RIVER TER E MINNEAPOLIS MN 55414 | R HALBACH & P LARSON | RESIDENTIAL | $502,200 | 135 ft |
| 1633 RIVER TER E MINNEAPOLIS MN 55414 | ANDY ALDRICH | RESIDENTIAL-TWO UNIT | $625,800 | 151 ft |
| 1629 RIVER TER E MINNEAPOLIS MN 55414 | D S BROWN & A K MAXAM-BROWN | RESIDENTIAL | $502,200 | 152 ft |
| 312 SEYMOUR PL S E MINNEAPOLIS MN 55414 | ANATOLY LIBERMAN & WIFE | RESIDENTIAL | $536,100 | 152 ft |
| 311 SEYMOUR PL S E MINNEAPOLIS MN 55414 | JOEL H HETLER & LEE BRADFORD | RESIDENTIAL | $459,400 | 160 ft |
| 1625 RIVER TER E MINNEAPOLIS MN 55414 | E D COHEN/K J ROTH/F A ROTH | RESIDENTIAL | $480,000 | 169 ft |
| 315 SEYMOUR PL S E MINNEAPOLIS MN 55414 | PATRICIA L BELOIS | RESIDENTIAL | $558,000 | 181 ft |
Most Recent Sale
Current Tax Year