703 COLUMBIA PKWY MINNEAPOLIS MN 55418

PID: 0202924120164

Property Overview

Parcel ID0202924120164

Lot Size8,561 sq ft (0.197 ac)

Lot Dimensions (est.)107 ft wide × 80 ft deep

Year Built1986

Property ClassRESIDENTIAL

OwnerP J & C R LUCAS

Assessed Value$479,100

Land Value$136,000

Building Value$343,100

Annual Tax$7,369

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $14K total declared value · Most recent: Aug 2023 (res)

ResAug 2023Closed

Warners Stellian Co Inc

ResMar 2022Closed

ROTO-ROOTER SERVICES CO

MiscMay 2020Closed

$9K

RENEWAL BY ANDERSEN CORP

MiscMay 2017Closed

$5K

RENEWAL BY ANDERSEN CORP

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width94 ft

Buildable depth40 ft

Area~5,536 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 5,536 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
707 COLUMBIA PKWY MINNEAPOLIS MN 55418	WILLIAM J KORMAN	RESIDENTIAL	$360,000	67 ft
701 COLUMBIA PKWY MINNEAPOLIS MN 55418	ANNETTE MARIE MILLER	RESIDENTIAL	$316,200	102 ft
711 COLUMBIA PKWY MINNEAPOLIS MN 55418	L M BUCCEK/J S BUCCEK	RESIDENTIAL	$307,100	136 ft
3525 VALLEY ST MINNEAPOLIS MN 55418	HENRY MONTPLAISIR	RESIDENTIAL	$243,500	174 ft
3526 VALLEY ST MINNEAPOLIS MN 55418	LIESELOTTE MELMAN TRUST	RESIDENTIAL	$237,300	189 ft
3530 VALLEY ST MINNEAPOLIS MN 55418	JORGE J GARCIA	RESIDENTIAL	$247,600	195 ft
3522 VALLEY ST MINNEAPOLIS MN 55418	DIANNE M HAUS	RESIDENTIAL	$236,100	199 ft
715 COLUMBIA PKWY MINNEAPOLIS MN 55418	C HENNING/TONI HENNING	RESIDENTIAL	$406,600	206 ft
3534 VALLEY ST MINNEAPOLIS MN 55418	CURTIS MICHAEL JERDE	RESIDENTIAL	$255,000	216 ft
3529 VALLEY ST MINNEAPOLIS MN 55418	REM HOLDINGS LLC	RESIDENTIAL	$268,500	222 ft

Property History

Most Recent Sale

Date198410

Price$20,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,369