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.
8 permits on record since 2014 · $454K total declared value · Most recent: Jul 2024 (remodel)
Innovative Basement Authority
Bruce Nelson Plumbing and Heating Service Inc
Binder Heating and Air Conditioning Inc
J AND D BUILDERS INC
Binder Heating and Air Conditioning 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 4,662 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1905 RIVER PKWY E MINNEAPOLIS MN 55414 | C M & J M MCGLINCEY | RESIDENTIAL | $603,400 | 50 ft |
| 1909 RIVER PKWY E MINNEAPOLIS MN 55414 | ERIC DROMMERHAUSEN ET AL | RESIDENTIAL | $592,200 | 100 ft |
| 319 SEYMOUR PL S E MINNEAPOLIS MN 55414 | SHANNON FITZGERALD/ERIC NESS | RESIDENTIAL | $659,000 | 119 ft |
| 1633 RIVER PKWY E MINNEAPOLIS MN 55414 | TARA OLSON | RESIDENTIAL | $908,500 | 135 ft |
| 1913 RIVER PKWY E MINNEAPOLIS MN 55414 | S R ALCORN & M J VAN WERT | RESIDENTIAL | $740,100 | 157 ft |
| 312 SEYMOUR PL S E MINNEAPOLIS MN 55414 | ANATOLY LIBERMAN & WIFE | RESIDENTIAL | $536,100 | 171 ft |
| 315 SEYMOUR PL S E MINNEAPOLIS MN 55414 | PATRICIA L BELOIS | RESIDENTIAL | $558,000 | 175 ft |
| 308 SEYMOUR PL S E MINNEAPOLIS MN 55414 | MICHAEL E KOCH ETAL | RESIDENTIAL | $503,000 | 208 ft |
| 1625 RIVER PKWY E MINNEAPOLIS MN 55414 | MOSTAFA KAVEH LIVING TRUST | RESIDENTIAL | $672,900 | 211 ft |
| 1908 RIVER TER E MINNEAPOLIS MN 55414 | SIGRID BACHMANN | RESIDENTIAL | $438,900 | 230 ft |
Most Recent Sale
Current Tax Year