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 2021 · $22K total declared value · Most recent: Oct 2021 (commfdrr)
TEAM MECHANICAL INC
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 3,589 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3117 COLFAX AVE S MINNEAPOLIS MN 55408 | TERRI T HAVIG TRUST | APARTMENT | $1,311,000 | 50 ft |
| 3125 COLFAX AVE S MINNEAPOLIS MN 55408 | LUMBOM INVESTMENTS LLC | APARTMENT | $950,000 | 51 ft |
| 3113 COLFAX AVE S MINNEAPOLIS MN 55408 | TERESA PLUMMER | RESIDENTIAL | $364,800 | 91 ft |
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | ARLINDA HENDERSON | CONDOMINIUM | $189,000 | 100 ft |
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | SETH PETERSON | CONDOMINIUM | $191,000 | 100 ft |
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | TOSTESON FAMILY TRUST | CONDOMINIUM | $206,000 | 100 ft |
| 3129 COLFAX AVE S MINNEAPOLIS MN 55408 | BERIT GRIFFIN | CONDOMINIUM | $206,000 | 100 ft |
| MN | Unknown | — | — | 100 ft |
| 3109 COLFAX AVE S MINNEAPOLIS MN 55408 | D HANDY & L D BUSSEY | RESIDENTIAL | $616,000 | 129 ft |
| 3120 BRYANT AVE S MINNEAPOLIS MN 55408 | REARDON PROP LTD PTNRSHP | LOW INCOME RENTAL | $570,000 | 140 ft |
Most Recent Sale
Current Tax Year