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 2017 · $34K total declared value · Most recent: May 2023 (misc)
Neighborly Property Group LLC
Roger W Heegaard
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 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
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 2,644 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2608 COLFAX AVE S MINNEAPOLIS MN 55408 | MOHAMED ALBORATI | RESIDENTIAL | $532,100 | 60 ft |
| 1009 26TH ST W MINNEAPOLIS MN 55405 | JARED L GAGE | RESIDENTIAL | $375,000 | 64 ft |
| 2612 COLFAX AVE S MINNEAPOLIS MN 55408 | MATIAS PINO | RESIDENTIAL-TWO UNIT | $454,200 | 98 ft |
| 2554 COLFAX AVE S MINNEAPOLIS MN 55405 | GREGORY J WALLACE | RESIDENTIAL | $270,600 | 130 ft |
| 2616 COLFAX AVE S MINNEAPOLIS MN 55408 | DONALD C OGREN | RESIDENTIAL | $517,000 | 137 ft |
| 1008 26TH ST W MINNEAPOLIS MN 55405 | K MASICA & J CHENEY | RESIDENTIAL | $309,800 | 144 ft |
| 2607 COLFAX AVE S MINNEAPOLIS MN 55408 | JACOB LANGNESS | RESIDENTIAL-TWO UNIT | $405,000 | 150 ft |
| 2601 COLFAX AVE S MINNEAPOLIS MN 55408 | MN COLFAX RENTALS LLC | TRIPLEX | $608,000 | 150 ft |
| 1015 26TH ST W MINNEAPOLIS MN 55405 | G & B RYG | APARTMENT | $1,164,000 | 162 ft |
| 2609 DUPONT AVE S MINNEAPOLIS MN 55408 | D CARNES & L HIRST CARNES | RESIDENTIAL | $568,200 | 171 ft |
Most Recent Sale
Current Tax Year