3521 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 0202824320160

Property Overview

Parcel ID0202824320160

Lot Size5,889 sq ft (0.135 ac)

Lot Dimensions (est.)122 ft wide × 48 ft deep

Year Built1995

Property Class—

OwnerCITY OF LAKES COMM LAND TRST

Assessed Value$389,300

Land Value$92,000

Building Value$297,300

Annual Tax$4,369

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width38 ft

Buildable depth83 ft

Area~3,137 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 3,137 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
3525 COLUMBUS AVE MINNEAPOLIS MN 55407	WCWMN4 LLC	RESIDENTIAL	$195,500	45 ft
3517 COLUMBUS AVE MINNEAPOLIS MN 55407	L R ORTIZ & M MOLINA	RESIDENTIAL	$273,900	47 ft
3529 COLUMBUS AVE MINNEAPOLIS MN 55407	NATALIE JANSSEN	RESIDENTIAL	$225,400	88 ft
3515 COLUMBUS AVE MINNEAPOLIS MN 55407	ALICE REYNOLDS & LESLIE LEIN	RESIDENTIAL	$301,700	95 ft
3533 COLUMBUS AVE MINNEAPOLIS MN 55407	NATALIE JANSSEN	VACANT LAND-RESIDENTIAL	$57,000	130 ft
3520 CHICAGO AVE MINNEAPOLIS MN 55407	C E G PINOS & Z PINOS	RESIDENTIAL	$315,400	136 ft
3516 CHICAGO AVE MINNEAPOLIS MN 55407	LISSETTE RIOS ORTEGA	RESIDENTIAL	$219,300	143 ft
3524 CHICAGO AVE MINNEAPOLIS MN 55407	ANANGOOKWE HERMES	RESIDENTIAL	$255,300	144 ft
3509 COLUMBUS AVE MINNEAPOLIS MN 55407	3509 COLUMBUS AVENUE LLC	RESIDENTIAL-TWO UNIT	$376,500	145 ft
3528 CHICAGO AVE MINNEAPOLIS MN 55407	S CHARBONEAU & L JABLONSKY	RESIDENTIAL	$212,000	162 ft

Property History

Most Recent Sale

Date202111

Price$171,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,369