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.
2 permits on record since 2021 · $25K total declared value · Most recent: Jun 2024 (roofwind)
BKMC
RESTORELINE INC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1055
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
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 3,805 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1916 COLFAX AVE S MINNEAPOLIS MN 55403 | D J W B INC | LOW INCOME RENTAL | $918,000 | 50 ft |
| 1924 COLFAX AVE S MINNEAPOLIS MN 55403 | 1924 COLFAX MINNEAPOLIS LLC | RESIDENTIAL-TWO UNIT | $493,600 | 50 ft |
| 1910 COLFAX AVE S MINNEAPOLIS MN 55403 | ALDRICH AVENUE LLC | APARTMENT | $1,988,000 | 125 ft |
| 1925 DUPONT AVE S MINNEAPOLIS MN 55403 | MAUREEN KING & PAUL BUCK | CONDOMINIUM | $348,000 | 139 ft |
| 1925 DUPONT AVE S MINNEAPOLIS MN 55403 | FRANK M STERNER | CONDOMINIUM | $298,000 | 139 ft |
| 1925 DUPONT AVE S MINNEAPOLIS MN 55403 | GRETA NACKERUD | CONDOMINIUM | $298,000 | 139 ft |
| 1925 DUPONT AVE S MINNEAPOLIS MN 55403 | S S FERGUSON & L F FERGUSON | CONDOMINIUM | $354,000 | 139 ft |
| 1925 DUPONT AVE S MINNEAPOLIS MN 55403 | MOLLY MAASS | CONDOMINIUM | $322,000 | 139 ft |
| 1925 DUPONT AVE S MINNEAPOLIS MN 55403 | PAYTON SCHULZE | CONDOMINIUM | $328,000 | 139 ft |
| 1925 DUPONT AVE S MINNEAPOLIS MN 55403 | HOLLY STREEKSTRA | CONDOMINIUM | $125,000 | 139 ft |
Most Recent Sale
Current Tax Year