Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗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 ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
1 permit on record since 2020 · $25K total declared value · Most recent: Mar 2020 (roofwind)
QT COMMERCIAL
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
South Uptown · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 81
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
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 3,709 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | ARLINDA HENDERSON | CONDOMINIUM | $189,000 | 49 ft |
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | SETH PETERSON | CONDOMINIUM | $191,000 | 49 ft |
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | TOSTESON FAMILY TRUST | CONDOMINIUM | $206,000 | 49 ft |
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | BERIT GRIFFIN | CONDOMINIUM | $206,000 | 49 ft |
| MN | Unknown | — | — | 49 ft |
| 3121 COLFAX AVE S MINNEAPOLIS MN 55408 | MOLLY M OLSON-BLOMGREN ET AL | APARTMENT | $1,013,000 | 51 ft |
| 3133 COLFAX AVE S MINNEAPOLIS MN 55408 | ERIK HILSTROM | RESIDENTIAL | $348,000 | 93 ft |
| 3117 COLFAX AVE S MINNEAPOLIS MN 55408 | TERRI T HAVIG TRUST | APARTMENT | $1,311,000 | 102 ft |
| 3137 COLFAX AVE S MINNEAPOLIS MN 55408 | TONI S DACHIS | RESIDENTIAL-TWO UNIT | $483,300 | 139 ft |
| 3124 BRYANT AVE S MINNEAPOLIS MN 55408 | R P P AGUILAR/C E A MERCADO | RESIDENTIAL-TWO UNIT | $501,600 | 140 ft |
Most Recent Sale
Current Tax Year