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.
3 permits on record since 2022 · $33K total declared value · Most recent: Mar 2024 (res)
Plumb Right Corp
Rocket Renovation
Plumb Right Corp
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 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 4,155 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2301 COLFAX AVE S MINNEAPOLIS MN 55405 | ALYSSA ERICKSON ETAL | RESIDENTIAL | $555,400 | 53 ft |
| 2307 COLFAX AVE S MINNEAPOLIS MN 55405 | THURE PROPERTIES LLC | APARTMENT | $1,097,000 | 116 ft |
| 2216 BRYANT AVE S MINNEAPOLIS MN 55405 | M J BUSBOOM TR & H T BUSBOOM | RESIDENTIAL | $418,000 | 135 ft |
| 2218 BRYANT AVE S MINNEAPOLIS MN 55405 | SARAH E VANDELIST | RESIDENTIAL | $431,000 | 135 ft |
| 2211 COLFAX AVE S MINNEAPOLIS MN 55405 | HORNIG D & E LTD PARTNERSHIP | APARTMENT | $4,380,000 | 143 ft |
| 2212 BRYANT AVE S MINNEAPOLIS MN 55405 | 2212 BRYANT JG LLC ET AL | LOW INCOME RENTAL | $1,186,000 | 145 ft |
| 2300 BRYANT AVE S MINNEAPOLIS MN 55405 | BRYANT AVENUE PROPERTIES LLC | APARTMENT | $1,854,000 | 153 ft |
| 2313 COLFAX AVE S MINNEAPOLIS MN 55405 | R S GOLDMAN 2024 CH RE UNITR | APARTMENT | $613,000 | 179 ft |
| 2308 BRYANT AVE S MINNEAPOLIS MN 55405 | TIMOTY WAYNE FOSTER STICHA | RESIDENTIAL-TWO UNIT | $424,100 | 192 ft |
| 2212 COLFAX AVE S MINNEAPOLIS MN 55405 | MICHAEL J MELROSE | RESIDENTIAL | $717,000 | 202 ft |
Most Recent Sale
Current Tax Year