4025 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0902824140037

Property Overview

Parcel ID0902824140037

Lot Size6,733 sq ft (0.155 ac)

Lot Dimensions (est.)135 ft wide × 50 ft deep

Year Built1952

Property ClassRESIDENTIAL

OwnerMICHAEL R GOLDMAN TRUST

Assessed Value$424,400

Land Value$255,000

Building Value$169,400

Annual Tax$6,570

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $6K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Closed

Dean's Professional Plumbing Inc

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscMay 2023Closed

$6K

TONKA ROOFING

ResAug 2018Closed

Warners Stellian Co Inc

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

Neighborhood Profile

East Harriet · Minneapolis

Median reported rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 depth95 ft

Area~3,786 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 3,786 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4021 COLFAX AVE S MINNEAPOLIS MN 55409	DON SCHULTZ & JOAN DEMING	RESIDENTIAL	$872,200	47 ft
4029 COLFAX AVE S MINNEAPOLIS MN 55409	RACHEL A SCHURMAN DISC TRUST	RESIDENTIAL	$673,000	56 ft
4015 COLFAX AVE S MINNEAPOLIS MN 55409	BYRON J & ANNE L SAARI	RESIDENTIAL	$614,600	96 ft
4033 COLFAX AVE S MINNEAPOLIS MN 55409	T E FRANCHETT ET AL	RESIDENTIAL	$527,000	109 ft
4020 BRYANT AVE S MINNEAPOLIS MN 55409	SUSAN E DELANEY	RESIDENTIAL	$385,600	136 ft
4024 BRYANT AVE S MINNEAPOLIS MN 55409	W R SHAW & J T PANNETON	RESIDENTIAL	$737,300	137 ft
4009 COLFAX AVE S MINNEAPOLIS MN 55409	J R KLOSTER & M E KLOSTER	RESIDENTIAL-TWO UNIT	$647,300	143 ft
4016 BRYANT AVE S MINNEAPOLIS MN 55409	JEANNE E GOCKLEY	RESIDENTIAL	$366,600	147 ft
4028 BRYANT AVE S MINNEAPOLIS MN 55409	C GILFILLEN & R N COLEMAN	RESIDENTIAL	$466,500	150 ft
4037 COLFAX AVE S MINNEAPOLIS MN 55409	BRUCE & SHANNON WADMAN	RESIDENTIAL	$587,800	161 ft

Property History

Most Recent Sale

Date201807

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,570