3711 COLGATE AVE MINNEAPOLIS MN 55410

PID: 0802824320104

Property Overview

Parcel ID0802824320104

Lot Size4,933 sq ft (0.113 ac)

Lot Dimensions (est.)91 ft wide × 54 ft deep

Year Built2023

Property ClassRESIDENTIAL-TWO UNIT

Owner3711 COLGATE AVENUE LLC

Assessed Value$395,500

Land Value$272,000

Building Value$123,500

Annual Tax$7,482

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2021 · $649K total declared value · Most recent: Feb 2025 (res)

ResFeb 2025Closed

Freedom Plumbing and Water Conditioning LLC

TempheatFeb 2025Closed

Heating and Cooling Two Inc

NewresFeb 2025Closed

$39K

Heating and Cooling Two Inc

ResFeb 2025Closed

Heating and Cooling Two Inc

RemodelJan 2025Inspection

$3K

Corbins LLC

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

Neighborhood Profile

Linden Hills · Minneapolis

Median reported rent1,497/mo

Renter-occupied23.6%

Median home value$666K

Vacancy rate2.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1098

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

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 width40 ft

Buildable depth59 ft

Area~2,366 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 2,366 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
3717 COLGATE AVE MINNEAPOLIS MN 55410	RICHARD A PATTERSON JR ET AL	RESIDENTIAL	$577,300	49 ft
4334 DREW AVE S MINNEAPOLIS MN 55410	SCHMITT RENTALS LLC	TRIPLEX	$700,400	96 ft
3721 COLGATE AVE MINNEAPOLIS MN 55410	TROY B BALEGO	RESIDENTIAL	$950,900	98 ft
3714 GLENDALE TER MINNEAPOLIS MN 55410	CYRUS ALI VAHHAJI	RESIDENTIAL	$577,000	116 ft
3710 GLENDALE TER MINNEAPOLIS MN 55410	B & J GERARD REVOC TRUST	RESIDENTIAL	$547,500	118 ft
4340 DREW AVE S MINNEAPOLIS MN 55410	JOSEPH G STAHL ET AL	RESIDENTIAL	$1,006,000	127 ft
3718 GLENDALE TER MINNEAPOLIS MN 55410	BLAIR CARLSON ET AL	RESIDENTIAL	$446,600	133 ft
3801 COLGATE AVE MINNEAPOLIS MN 55410	M D SCHROECKENSTEIN/C GEEFAY	RESIDENTIAL	$762,100	148 ft
3722 GLENDALE TER MINNEAPOLIS MN 55410	SUSAN B PETERSON	RESIDENTIAL	$414,400	163 ft
4344 DREW AVE S MINNEAPOLIS MN 55410	M A ZIMMERMAN/F D HORNSTEIN	RESIDENTIAL	$621,300	165 ft

Property History

Most Recent Sale

Date202010

Price$310,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,482