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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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 2018 · $33K total declared value · Most recent: Jul 2018 (roofwind)
D&B ERT LLC
BURNOMATIC
DORGLASS 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
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 7,578 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,135,000 | 114 ft |
| 2125 RIVER TER E MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,135,000 | 121 ft |
| 12 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,105,000 | 142 ft |
| 1 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,135,000 | 321 ft |
| 22 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $948,000 | 324 ft |
| 11 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,118,000 | 388 ft |
| 21 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,087,800 | 408 ft |
| 2101 RIVER TER E MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,135,000 | 415 ft |
| 301 ST ANTHONY AVE MINNEAPOLIS MN 55414 | L JOHNSON & M JOHNSON TRSTES | APARTMENT | $3,097,000 | 575 ft |
| 331 ST ANTHONY AVE MINNEAPOLIS MN 55414 | RIVER BANK 1 LLC | TRIPLEX | $676,000 | 575 ft |
Most Recent Sale
Current Tax Year