4200 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 0402924110079

Property Overview

Parcel ID0402924110079

Lot Size6,387 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built2019

Property ClassRESIDENTIAL

OwnerR S RUSSELL & C R RUSSELL

Assessed Value$409,000

Land Value$24,000

Building Value$385,000

Annual Tax$6,493

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $284K total declared value · Most recent: Mar 2022 (res)

ResMar 2022Closed

Russell Robert

ExistresFeb 2022Closed

Air It Indoor Comfort LLC

RemodelJan 2022Closed

$16K

Russell Robert

NewresJul 2019Closed

$15K

Air It Indoor Comfort LLC

ResJul 2019Closed

DEN-MARK PLUMBING INC

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

Neighborhood Profile

Webber - Camden · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width115 ft

Buildable depth10 ft

Area~3,246 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 3,246 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4206 COLFAX AVE N MINNEAPOLIS MN 55412	CAG MINNESOTA FUND II LLC	RESIDENTIAL	$150,000	50 ft
4210 COLFAX AVE N MINNEAPOLIS MN 55412	KRYSTAL HOLLINS	RESIDENTIAL-TWO UNIT	$230,100	100 ft
4150 COLFAX AVE N MINNEAPOLIS MN 55412	KIM LANG THI NGUYEN	RESIDENTIAL	$287,700	115 ft
4201 BRYANT AVE N MINNEAPOLIS MN 55412	GRAVITY LLC	RESIDENTIAL-TWO UNIT	$269,200	144 ft
4214 COLFAX AVE N MINNEAPOLIS MN 55412	NANCY J FISKE	RESIDENTIAL	$186,300	150 ft
4205 BRYANT AVE N MINNEAPOLIS MN 55412	4205 BRYANT AVE N LLC	RESIDENTIAL	$145,300	151 ft
4146 COLFAX AVE N MINNEAPOLIS MN 55412	JOHN W SWEENEY	RESIDENTIAL-TWO UNIT	$237,600	169 ft
4209 BRYANT AVE N MINNEAPOLIS MN 55412	M & M STAFFING LLC	LOW INCOME RENTAL	$274,000	174 ft
911 42ND AVE N MINNEAPOLIS MN 55412	J W KEENAN & L KEENAN	RESIDENTIAL	$227,200	175 ft
4201 COLFAX AVE N MINNEAPOLIS MN 55412	BRITTANY B BUNES	RESIDENTIAL	$168,200	187 ft

Property History

Most Recent Sale

Date201912

Price$274,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,493