731 COLUMBIA PKWY MINNEAPOLIS MN 55418

PID: 0202924110096

Property Overview

Parcel ID0202924110096

Lot Size25,992 sq ft (0.597 ac)

Lot Dimensions (est.)132 ft wide × 197 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerNATHAN MELBY & CAITLIN RAU

Assessed Value$600,000

Land Value$161,000

Building Value$439,000

Annual Tax$9,639

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

13 permits on record since 2018 · $122K total declared value · Most recent: Feb 2023 (existres)

ExistresFeb 2023Closed

Silver Tree Plumbing and Heating LLC

ResFeb 2023Closed

Silver Tree Plumbing and Heating LLC

ExistresFeb 2023Closed

Flare Heating & Air Conditioning, Inc.

ResJan 2023Closed

Farr Plumbing and Heating LLC

RemodelJan 2023Closed

$110K

PRINCEWORKS, LLC

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

Neighborhood Profile

Columbia Park · Minneapolis

Median reported rent1,527/mo

Renter-occupied21.2%

Median home value$288K

Vacancy rate3.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 6.01

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width66 ft

Buildable depth302 ft

Area~18,926 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 sfr / adu benchmarks for 18,926 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
729 COLUMBIA PKWY MINNEAPOLIS MN 55418	T N GROTTING & K K LARSON	RESIDENTIAL	$326,400	94 ft
3530 ARCHITECT AVE MINNEAPOLIS MN 55418	WILLIAM L SMART	RESIDENTIAL	$370,000	115 ft
727 COLUMBIA PKWY MINNEAPOLIS MN 55418	MICHAEL ROMAN & DIANE ROMAN	RESIDENTIAL	$372,800	128 ft
801 COLUMBIA PKWY MINNEAPOLIS MN 55418	ROBIN MELBY	VACANT LAND-RESIDENTIAL	$140,000	131 ft
3534 ARCHITECT AVE MINNEAPOLIS MN 55418	N R JENSEN & V L JENSEN	RESIDENTIAL	$314,900	139 ft
3526 ARCHITECT AVE MINNEAPOLIS MN 55418	HAL WELCH	RESIDENTIAL	$299,800	167 ft
725 COLUMBIA PKWY MINNEAPOLIS MN 55418	P BERNHARDT & J BERNHARDT	RESIDENTIAL	$394,900	173 ft
3538 ARCHITECT AVE MINNEAPOLIS MN 55418	RICHARD/LINDA FRIZZELL ET AL	RESIDENTIAL	$348,200	195 ft
807 COLUMBIA PKWY MINNEAPOLIS MN 55418	N MIHALEVICH & G JOHNSEN	RESIDENTIAL	$376,600	195 ft
728 36TH AVE N E MINNEAPOLIS MN 55418	JOSHUA JAMES HUNINGHAKE	RESIDENTIAL	$295,000	196 ft

Property History

Most Recent Sale

Date202006

Price$550,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,639