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.
4 permits on record since 2018 · $22K total declared value · Most recent: Oct 2018 (comnofdbv)
JAYHAWK MECHANICAL INC
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
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.
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 11,907 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2115 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 | 219 ft |
| 2 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,135,000 | 235 ft |
| 22 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $948,000 | 403 ft |
| 1 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,135,000 | 442 ft |
| 11 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,118,000 | 506 ft |
| 21 RIVER TERRACE CT MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,087,800 | 510 ft |
| 2101 RIVER TER E MINNEAPOLIS MN 55414 | D&B-ERT LLC | APARTMENT | $1,135,000 | 534 ft |
| 331 ST ANTHONY AVE MINNEAPOLIS MN 55414 | RIVER BANK 1 LLC | TRIPLEX | $676,000 | 696 ft |
| 325 ST ANTHONY AVE MINNEAPOLIS MN 55414 | RIVER BANK 2 LLC | TRIPLEX | $676,000 | 696 ft |
Most Recent Sale
Current Tax Year