3503 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 0202824320226

Property Overview

Parcel ID0202824320226

Lot Size7,854 sq ft (0.180 ac)

Lot Dimensions (est.)122 ft wide × 64 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMARK WILLIAM ANDERSON

Assessed Value$189,000

Land Value$102,000

Building Value$87,000

Annual Tax$2,502

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

1 permit on record since 2024 · Most recent: Oct 2024 (res)

ResOct 2024Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Central · 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 width54 ft

Buildable depth83 ft

Area~4,457 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 4,457 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3501 COLUMBUS AVE MINNEAPOLIS MN 55407	L D S MORA & A B LOPEZ	RESIDENTIAL	$290,000	48 ft
3509 COLUMBUS AVE MINNEAPOLIS MN 55407	3509 COLUMBUS AVENUE LLC	RESIDENTIAL-TWO UNIT	$376,500	57 ft
3515 COLUMBUS AVE MINNEAPOLIS MN 55407	ALICE REYNOLDS & LESLIE LEIN	RESIDENTIAL	$301,700	106 ft
3508 CHICAGO AVE MINNEAPOLIS MN 55407	LUBANOVIC HOLDINGS LLC	COMMERCIAL-PREFERRED	$482,000	140 ft
3504 CHICAGO AVE MINNEAPOLIS MN 55407	TAHIR CHALOUP HASSAN	APARTMENT	$843,000	141 ft
3517 COLUMBUS AVE MINNEAPOLIS MN 55407	L R ORTIZ & M MOLINA	RESIDENTIAL	$273,900	154 ft
3443 COLUMBUS AVE MINNEAPOLIS MN 55407	R T BECERRA & M J KORSON	RESIDENTIAL	$393,000	155 ft
3504 COLUMBUS AVE MINNEAPOLIS MN 55407	ADE ESUOSO & NIMMY ESUOSO	RESIDENTIAL	$234,000	156 ft
3512 CHICAGO AVE MINNEAPOLIS MN 55407	BRETT H BUTLER	RESIDENTIAL-TWO UNIT	$315,700	172 ft
3508 COLUMBUS AVE MINNEAPOLIS MN 55407	CHARLES SCOTT MARTINSON	RESIDENTIAL	$291,900	185 ft

Property History

Most Recent Sale

Date199204

Price$46,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,502