ParcelLens
Property Intelligence · Twin Cities
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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 2023 · $225K total declared value · Most recent: Sep 2023 (res)
ProMech LLC
4Front Energy Solutions Inc
QUARTERSAWN DESIGN BUILD
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 |
|---|---|---|---|---|
| 1948 RIVER TER E MINNEAPOLIS MN 55414 | CRISTINA SANTOS & JOHN V VIK | RESIDENTIAL | $420,000 | 59 ft |
| 1940 RIVER TER E MINNEAPOLIS MN 55414 | JHNA E LUNDIN TRUST AGR | RESIDENTIAL | $567,700 | 67 ft |
| 1952 RIVER TER E MINNEAPOLIS MN 55414 | MARION C WARWICK | RESIDENTIAL | $461,900 | 109 ft |
| 1932 RIVER TER E MINNEAPOLIS MN 55414 | S PRIEST/C PRIEST & J PRIEST | RESIDENTIAL | $557,000 | 133 ft |
| 1956 RIVER TER E MINNEAPOLIS MN 55414 | SEAN EDWARD SHERMAN | RESIDENTIAL | $457,200 | 159 ft |
| 1943 RIVER PKWY E MINNEAPOLIS MN 55414 | R V BROWNLEE & A K WHITE | RESIDENTIAL | $702,300 | 183 ft |
| 1928 RIVER TER E MINNEAPOLIS MN 55414 | MARIANNA B PRIEST | RESIDENTIAL | $542,800 | 191 ft |
| 1949 RIVER PKWY E MINNEAPOLIS MN 55414 | CHRISTINE S VICE LIV TRUST | RESIDENTIAL | $778,900 | 192 ft |
| 1937 RIVER PKWY E MINNEAPOLIS MN 55414 | SANDRA S HUNTER | VACANT LAND-RESIDENTIAL | $238,000 | 204 ft |
| 1960 RIVER TER E MINNEAPOLIS MN 55414 | CLARE SAUNDERS & LEXI ROSE | RESIDENTIAL | $508,100 | 209 ft |
Most Recent Sale
Current Tax Year