4213 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 0402924110088

Property Overview

Parcel ID0402924110088

Lot Size6,337 sq ft (0.145 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerDREW G & TERRI L KABANUK

Assessed Value$228,400

Land Value$25,000

Building Value$203,400

Annual Tax$3,142

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2018 · Most recent: Apr 2024 (existres)

ExistresApr 2024Closed

Erickson Plumbing Heating Cooling Inc

ResApr 2018Closed

CENTERPOINT ENERGY

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

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 width40 ft

Buildable depth87 ft

Area~3,472 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 3,472 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4219 COLFAX AVE N MINNEAPOLIS MN 55412	LOIS A BAGLIEN	RESIDENTIAL-TWO UNIT	$301,800	50 ft
4209 COLFAX AVE N MINNEAPOLIS MN 55412	M KRONBERG & D KRONBERG	RESIDENTIAL	$100,000	50 ft
4223 COLFAX AVE N MINNEAPOLIS MN 55412	DJ FINANCIAL LLC	LOW INCOME RENTAL	$249,800	100 ft
4207 COLFAX AVE N MINNEAPOLIS MN 55412	JIMMY E DOOLITTLE	RESIDENTIAL	$198,500	100 ft
4225 COLFAX AVE N MINNEAPOLIS MN 55412	DANLEN PROPERTIES LLC	RESIDENTIAL	$157,900	140 ft
4214 DUPONT AVE N MINNEAPOLIS MN 55412	CODY BOURDOT	RESIDENTIAL-TWO UNIT	$157,700	142 ft
4201 COLFAX AVE N MINNEAPOLIS MN 55412	BRITTANY B BUNES	RESIDENTIAL	$168,200	149 ft
4210 DUPONT AVE N MINNEAPOLIS MN 55412	ALVIN T B S TRACK ET AL	RESIDENTIAL	$137,000	150 ft
4218 DUPONT AVE N MINNEAPOLIS MN 55412	KEITH MAHANNAH/RYAN HORVATH	RESIDENTIAL	$270,400	151 ft
4206 DUPONT AVE N MINNEAPOLIS MN 55412	DAVID M CROW & ANGELA F CROW	RESIDENTIAL	$251,200	173 ft

Property History

Most Recent Sale

Date200405

Price$225,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$3,142