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.
No permits found in Minneapolis open data for this parcel.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1080
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Residential Mixed-Use 1 — low-density mixed 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 2,906 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1609 LAGOON AVE MINNEAPOLIS MN 55408 | OHLONE PARTNERS LLC ET AL | APARTMENT | $3,800,000 | 45 ft |
| 1619 LAGOON AVE MINNEAPOLIS MN 55408 | 1619 LLC | APARTMENT | $2,547,000 | 67 ft |
| 2910 IRVING AVE S MINNEAPOLIS MN 55408 | OHLONE PARTNERS LLC ET AL | APARTMENT | $3,800,000 | 89 ft |
| 2901 JAMES AVE S MINNEAPOLIS MN 55408 | SIENNA ON THE ISLES LLC ETAL | APARTMENT | $1,750,000 | 135 ft |
| 1608 LAKE ST W MINNEAPOLIS MN 55408 | 1600 WEST LAKE LLC | APARTMENT | $835,000 | 135 ft |
| 1612 LAKE ST W MINNEAPOLIS MN 55408 | 1600 WEST LAKE LLC | COMMERCIAL-PREFERRED | $650,000 | 142 ft |
| 1600 LAKE ST W MINNEAPOLIS MN 55408 | 1600 WEST LAKE LLC | COMMERCIAL-PREFERRED | $1,227,500 | 150 ft |
| 2892 IRVING AVE S MINNEAPOLIS MN 55408 | STEVEN J TAYLOR | RESIDENTIAL | $360,000 | 159 ft |
| 1610 LAGOON AVE MINNEAPOLIS MN 55408 | N BROADHURST & K J OTTERSON | RESIDENTIAL | $448,500 | 166 ft |
| 2895 JAMES AVE S MINNEAPOLIS MN 55408 | J E SITTER & L F E SOUZA | CONDOMINIUM | $232,000 | 171 ft |
Most Recent Sale
Current Tax Year