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.
4 permits on record since 2017 · $10K total declared value · Most recent: Feb 2024 (existres)
Metro Heating & Cooling LLC
NOWTHEN PLUMBING INC
A PANE IN THE GLASS CONSTRUCTION LLC
T J EXTERIORS
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Lowry Hill East · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1067
Zip code 55405
Source: Redfin Data Center (Invalid Date) · Zip 55405
Urban Neighborhood 3 — medium-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 3-story wood frame (5–12 units) benchmarks for 4,492 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2212 COLFAX AVE S MINNEAPOLIS MN 55405 | MICHAEL J MELROSE | RESIDENTIAL | $717,000 | 58 ft |
| 2204 COLFAX AVE S MINNEAPOLIS MN 55405 | PETER S KIM/ERIC T MEININGER | RESIDENTIAL | $460,700 | 59 ft |
| 2200 COLFAX AVE S MINNEAPOLIS MN 55405 | JACQUES R CHAMPINE | RESIDENTIAL | $624,900 | 117 ft |
| 2201 HENNEPIN AVE MINNEAPOLIS MN 55405 | 2201 HENNEPIN LLC | COMMERCIAL-PREFERRED | $494,000 | 135 ft |
| 2301 DUPONT AVE S MINNEAPOLIS MN 55405 | WASHBURN-MCREAVY PRPRTS LLP | COMMERCIAL-PREFERRED | $3,933,500 | 162 ft |
| 2211 COLFAX AVE S MINNEAPOLIS MN 55405 | HORNIG D & E LTD PARTNERSHIP | APARTMENT | $4,380,000 | 196 ft |
| 2306 COLFAX AVE S MINNEAPOLIS MN 55405 | D&P RENTALS LLC | TRIPLEX | $592,000 | 221 ft |
| 2217 COLFAX AVE S MINNEAPOLIS MN 55405 | DANFORTH FLEAK | TRIPLEX | $710,500 | 225 ft |
| 2301 COLFAX AVE S MINNEAPOLIS MN 55405 | ALYSSA ERICKSON ETAL | RESIDENTIAL | $555,400 | 256 ft |
| 2121 HENNEPIN AVE MINNEAPOLIS MN 55405 | HORNIG D & J LTD PARTNERSHIP | APARTMENT | $2,496,000 | 263 ft |
Most Recent Sale
Current Tax Year