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.
12 permits on record since 2018 · $135K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Heating and Cooling Two Inc
Heating and Cooling Two Inc
BEMM RESTORATION LLC
Steinkraus Plumbing 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
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 10,564 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1625 RIVER PKWY E MINNEAPOLIS MN 55414 | MOSTAFA KAVEH LIVING TRUST | RESIDENTIAL | $672,900 | 79 ft |
| 312 SEYMOUR PL S E MINNEAPOLIS MN 55414 | ANATOLY LIBERMAN & WIFE | RESIDENTIAL | $536,100 | 108 ft |
| 1621 RIVER PKWY E MINNEAPOLIS MN 55414 | KATHERINE M HARTMAN | RESIDENTIAL | $672,300 | 128 ft |
| 1901 RIVER PKWY E MINNEAPOLIS MN 55414 | D A FOSTER/S A STOESZ TRUSTS | RESIDENTIAL | $974,000 | 135 ft |
| 308 SEYMOUR PL S E MINNEAPOLIS MN 55414 | MICHAEL E KOCH ETAL | RESIDENTIAL | $503,000 | 160 ft |
| 1615 RIVER PKWY E MINNEAPOLIS MN 55414 | JENNIFER TULLOSS | RESIDENTIAL | $604,100 | 185 ft |
| 1905 RIVER PKWY E MINNEAPOLIS MN 55414 | C M & J M MCGLINCEY | RESIDENTIAL | $603,400 | 185 ft |
| 304 SEYMOUR PL S E MINNEAPOLIS MN 55414 | PER LARS HATLEVIK | RESIDENTIAL | $457,000 | 210 ft |
| 319 SEYMOUR PL S E MINNEAPOLIS MN 55414 | SHANNON FITZGERALD/ERIC NESS | RESIDENTIAL | $659,000 | 215 ft |
| 1624 RIVER TER E MINNEAPOLIS MN 55414 | CHRISTINE M MATIMBA | RESIDENTIAL | $469,500 | 223 ft |
Most Recent Sale
Current Tax Year