3413 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 0202824320037

Property Overview

Parcel ID0202824320037

Lot Size4,944 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1906

Property ClassLOW INCOME RENTAL

OwnerGIZEL J OJEDA-GOMEZ

Assessed Value$222,000

Land Value$83,000

Building Value$139,000

Annual Tax$856

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,284/mo

Renter-occupied41.2%

Median home value$251K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 95

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 width30 ft

Buildable depth84 ft

Area~2,507 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 2,507 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3417 COLUMBUS AVE MINNEAPOLIS MN 55407	E OLSON & D SCHLEISMAN	RESIDENTIAL	$257,000	40 ft
3409 COLUMBUS AVE MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	RESIDENTIAL	$186,900	40 ft
3405 COLUMBUS AVE MINNEAPOLIS MN 55407	SARA E LIDSTROM	RESIDENTIAL	$264,200	77 ft
3419 COLUMBUS AVE MINNEAPOLIS MN 55407	UCOZYHOME LLC	RESIDENTIAL-TWO UNIT	$328,100	81 ft
3403 COLUMBUS AVE MINNEAPOLIS MN 55407	J MAE PATTERSON-REUBEN TRUST	RESIDENTIAL	$225,200	109 ft
3423 COLUMBUS AVE MINNEAPOLIS MN 55407	BLOOMINGTON HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$338,700	123 ft
3412 CHICAGO AVE MINNEAPOLIS MN 55407	BILLFAR HOLDINGS L L C	APARTMENT	$704,000	136 ft
3408 CHICAGO AVE MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$283,200	139 ft
3401 COLUMBUS AVE MINNEAPOLIS MN 55407	ANA L TARQUI ESCOBAR ET AL	RESIDENTIAL-TWO UNIT	$303,000	143 ft
3416 CHICAGO AVE MINNEAPOLIS MN 55407	ARABESQUE DTRSD PROP INV LLC	TRIPLEX	$459,800	149 ft

Property History

Most Recent Sale

Date202509

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$856