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.
5 permits on record since 2017 · $39K total declared value · Most recent: Dec 2025 (res)
CenterPoint Energy Resource Corp
Mayday Restoration
William Olive
ST PAUL PLUMBING AND HEATING CO INC
BOEHM HEATING
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 5,573 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1909 RIVER TER E MINNEAPOLIS MN 55414 | J STUBBS & A M W STUBBS | RESIDENTIAL | $626,100 | 75 ft |
| 1633 RIVER TER E MINNEAPOLIS MN 55414 | ANDY ALDRICH | RESIDENTIAL-TWO UNIT | $625,800 | 123 ft |
| 1915 RIVER TER E MINNEAPOLIS MN 55414 | M A GEHRING & J D HED | RESIDENTIAL | $411,000 | 143 ft |
| 311 SEYMOUR PL S E MINNEAPOLIS MN 55414 | JOEL H HETLER & LEE BRADFORD | RESIDENTIAL | $459,400 | 158 ft |
| 1629 RIVER TER E MINNEAPOLIS MN 55414 | D S BROWN & A K MAXAM-BROWN | RESIDENTIAL | $502,200 | 173 ft |
| 300 SEYMOUR PL S E MINNEAPOLIS MN 55414 | BRENDAN SHEEHAN/TESSA HAHN | RESIDENTIAL | $546,000 | 209 ft |
| 1921 RIVER TER E MINNEAPOLIS MN 55414 | RUTH E JAMIESON TRUST | RESIDENTIAL | $463,000 | 210 ft |
| 1908 RIVER TER E MINNEAPOLIS MN 55414 | SIGRID BACHMANN | RESIDENTIAL | $438,900 | 217 ft |
| 1625 RIVER TER E MINNEAPOLIS MN 55414 | E D COHEN/K J ROTH/F A ROTH | RESIDENTIAL | $480,000 | 223 ft |
| 315 SEYMOUR PL S E MINNEAPOLIS MN 55414 | PATRICIA L BELOIS | RESIDENTIAL | $558,000 | 233 ft |
Most Recent Sale
Current Tax Year