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.
3 permits on record since 2017 · $19K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
AMERICAN WATERWORKS
SODERLIN PLUMBING HEATING AND AIR
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 6,382 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1932 RIVER TER E MINNEAPOLIS MN 55414 | S PRIEST/C PRIEST & J PRIEST | RESIDENTIAL | $557,000 | 66 ft |
| 1944 RIVER TER E MINNEAPOLIS MN 55414 | SUSAN M ROHDE | RESIDENTIAL | $598,000 | 67 ft |
| 1928 RIVER TER E MINNEAPOLIS MN 55414 | MARIANNA B PRIEST | RESIDENTIAL | $542,800 | 124 ft |
| 1948 RIVER TER E MINNEAPOLIS MN 55414 | CRISTINA SANTOS & JOHN V VIK | RESIDENTIAL | $420,000 | 126 ft |
| 1924 RIVER TER E MINNEAPOLIS MN 55414 | NATHAN RICE & LINDSAY JURIGA | RESIDENTIAL | $525,000 | 173 ft |
| 1952 RIVER TER E MINNEAPOLIS MN 55414 | MARION C WARWICK | RESIDENTIAL | $461,900 | 176 ft |
| 1937 RIVER PKWY E MINNEAPOLIS MN 55414 | SANDRA S HUNTER | VACANT LAND-RESIDENTIAL | $238,000 | 184 ft |
| 1943 RIVER PKWY E MINNEAPOLIS MN 55414 | R V BROWNLEE & A K WHITE | RESIDENTIAL | $702,300 | 190 ft |
| 1933 RIVER PKWY E MINNEAPOLIS MN 55414 | THE KILTON LIVING TRUST | RESIDENTIAL | $630,800 | 202 ft |
| 1941 RIVER TER E MINNEAPOLIS MN 55414 | BARBARA T DUCAT TRUST | RESIDENTIAL | $708,000 | 221 ft |
Most Recent Sale
Current Tax Year