4032 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0902824140055

Property Overview

Parcel ID0902824140055

Lot Size5,645 sq ft (0.130 ac)

Lot Dimensions (est.)134 ft wide × 42 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerBECCA NELSON TRUST

Assessed Value$794,000

Land Value$236,000

Building Value$558,000

Annual Tax$13,324

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

5 permits on record since 2017 · $38K total declared value · Most recent: Apr 2023 (res)

ResApr 2023Expired

FIRESIDE HEARTH AND HOME

MiscNov 2022Closed

$25K

Precision Exteriors Restoration LLC

RemodelApr 2020Closed

$13K

K2 BATH DESIGN AND REMODELING LLC

ResApr 2020Closed

K2 BATH DESIGN AND REMODELING LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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

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 width32 ft

Buildable depth94 ft

Area~3,021 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 3,021 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4028 COLFAX AVE S MINNEAPOLIS MN 55409	Z E GALAITSIS/A C GALAITSIS	RESIDENTIAL	$563,200	42 ft
4036 COLFAX AVE S MINNEAPOLIS MN 55409	EMMA LOUISE NAUGHTON	RESIDENTIAL	$581,100	42 ft
4024 COLFAX AVE S MINNEAPOLIS MN 55409	DONALD C HANEK ETAL	RESIDENTIAL-TWO UNIT	$619,200	84 ft
4040 COLFAX AVE S MINNEAPOLIS MN 55409	T L RENVILLE & E A RENVILLE	RESIDENTIAL	$497,400	84 ft
4022 COLFAX AVE S MINNEAPOLIS MN 55409	DOUGLAS J GILLITZER	RESIDENTIAL-TWO UNIT	$619,800	125 ft
4044 COLFAX AVE S MINNEAPOLIS MN 55409	BARRY R MUMM TRUSTEE	RESIDENTIAL	$543,000	126 ft
4033 DUPONT AVE S MINNEAPOLIS MN 55409	G R SCHOENER & V K GRAY	RESIDENTIAL	$664,500	136 ft
4037 DUPONT AVE S MINNEAPOLIS MN 55409	CHRISTINE N HUTCHESON	RESIDENTIAL	$568,400	140 ft
4025 DUPONT AVE S MINNEAPOLIS MN 55409	ALAN E ROSS	RESIDENTIAL	$891,400	160 ft
4041 DUPONT AVE S MINNEAPOLIS MN 55409	R J BALLARD & K E BALLARD	RESIDENTIAL	$832,200	160 ft

Property History

Most Recent Sale

Date201211

Price$615,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,324