3029 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 0202824220165

Property Overview

Parcel ID0202824220165

Lot Size5,069 sq ft (0.116 ac)

Lot Dimensions (est.)124 ft wide × 41 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerJOSE S M BARRETO ET AL

Assessed Value$223,000

Land Value$61,000

Building Value$162,000

Annual Tax$3,452

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

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 ↗

Potential programs

Met Council Livable Communities GrantMedium

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.

Permit History

3 permits on record since 2021 · $22K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$16K

SELECT EXTERIORS LLC

MiscAug 2021Closed

$6K

GREATSTONE CONTRACTING

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Central · Minneapolis

Median reported rent1,458/mo

Renter-occupied34.5%

Median home value$302K

Vacancy rate11.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 84

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth84 ft

Area~2,592 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,592 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3033 COLUMBUS AVE MINNEAPOLIS MN 55407	A R H DIAZ & A VAIL-LOPEZ	RESIDENTIAL	$264,000	41 ft
3027 COLUMBUS AVE MINNEAPOLIS MN 55407	ISSE BARRE HAILE/FAHMO EINTE	RESIDENTIAL	$357,400	41 ft
3037 COLUMBUS AVE MINNEAPOLIS MN 55407	FOUNDING BRICKS INC	TRIPLEX	$420,200	82 ft
3021 COLUMBUS AVE MINNEAPOLIS MN 55407	KEITH ALLEN KOPATZ	RESIDENTIAL	$415,000	90 ft
3041 COLUMBUS AVE MINNEAPOLIS MN 55407	LUZ JARA	LOW INCOME RENTAL	$312,300	123 ft
3028 CHICAGO AVE MINNEAPOLIS MN 55407	TONY SCARVER & JENNY SCARVER	RESIDENTIAL-TWO UNIT	$317,300	136 ft
3026 CHICAGO AVE MINNEAPOLIS MN 55407	CHARLES R BROWNING	TRIPLEX	$406,000	141 ft
3034 CHICAGO AVE MINNEAPOLIS MN 55407	JSW PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$263,500	149 ft
3022 CHICAGO AVE MINNEAPOLIS MN 55407	ANDREW D'AURORA	RESIDENTIAL	$195,600	157 ft
3045 COLUMBUS AVE MINNEAPOLIS MN 55407	MINNESOTA TEEN CHALLENGE INC	RESIDENTIAL-TWO UNIT	$0	164 ft

Property History

Most Recent Sale

Date202309

Price$290,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,452