4225 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 0402924110085

Property Overview

Parcel ID0402924110085

Lot Size3,787 sq ft (0.087 ac)

Lot Dimensions (est.)127 ft wide × 30 ft deep

Year Built1883

Property ClassRESIDENTIAL

OwnerDANLEN PROPERTIES LLC

Assessed Value$157,900

Land Value$20,000

Building Value$137,900

Annual Tax$2,422

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · Most recent: Nov 2024 (res)

ResNov 2024Closed

Metro Heating & Cooling LLC

ExistresNov 2024Closed

Metro Heating & Cooling LLC

ResMar 2024Closed

CenterPoint Energy Resource Corp

ResApr 2018Closed

CENTERPOINT ENERGY

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

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 width20 ft

Buildable depth86 ft

Area~1,724 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 1,724 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4231 COLFAX AVE N MINNEAPOLIS MN 55412	R SCHMALZ & R SCHMALZ	VACANT LAND-RESIDENTIAL	$20,000	39 ft
4223 COLFAX AVE N MINNEAPOLIS MN 55412	DJ FINANCIAL LLC	LOW INCOME RENTAL	$249,800	40 ft
4219 COLFAX AVE N MINNEAPOLIS MN 55412	LOIS A BAGLIEN	RESIDENTIAL-TWO UNIT	$301,800	90 ft
4237 COLFAX AVE N MINNEAPOLIS MN 55412	R A SCHMALZ & R D LYVER	RESIDENTIAL	$253,200	136 ft
4213 COLFAX AVE N MINNEAPOLIS MN 55412	DREW G & TERRI L KABANUK	TRIPLEX	$228,400	140 ft
4228 DUPONT AVE N MINNEAPOLIS MN 55412	VESALY ROMO-BURGOS ET AL	RESIDENTIAL-TWO UNIT	$253,800	143 ft
4222 DUPONT AVE N MINNEAPOLIS MN 55412	CAG MINNESOTA FUND II LLC	RESIDENTIAL	$264,400	147 ft
4218 DUPONT AVE N MINNEAPOLIS MN 55412	KEITH MAHANNAH/RYAN HORVATH	RESIDENTIAL	$270,400	167 ft
4232 DUPONT AVE N MINNEAPOLIS MN 55412	T J TOTUSHEK & L A TOTUSHEK	RESIDENTIAL	$194,000	180 ft
4226 COLFAX AVE N MINNEAPOLIS MN 55412	NICHOLE KALLHOFF	RESIDENTIAL	$288,800	185 ft

Property History

Most Recent Sale

Date201002

Price$40,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,422