4049 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0902824140075

Property Overview

Parcel ID0902824140075

Lot Size5,645 sq ft (0.130 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerA S LINCOLN & B LINCOLN

Assessed Value$846,600

Land Value$236,000

Building Value$610,600

Annual Tax$14,323

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2009 · $133K total declared value · Most recent: Jul 2025 (res)

ResJul 2025Closed

Hurlburt Heating & Plumbing

ResJan 2025Closed

CenterPoint Energy Resource Corp

MiscFeb 2024Closed

$23K

GARLOCK FRENCH ROOFING

MiscSep 2023Closed

$27K

CRAFTSMEN HOME IMPROVEMENT INC

ExistresMar 2017Closed

Ridler Heating and Cooling 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 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 small multifamily (2–4 units, wood frame) benchmarks for 3,021 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
4055 COLFAX AVE S MINNEAPOLIS MN 55409	SUE EMILY RAY MOORE	RESIDENTIAL	$492,800	42 ft
4043 COLFAX AVE S MINNEAPOLIS MN 55409	B T PETERSON/K L T PETERSON	RESIDENTIAL	$624,000	53 ft
4037 COLFAX AVE S MINNEAPOLIS MN 55409	BRUCE & SHANNON WADMAN	RESIDENTIAL	$587,800	115 ft
4048 BRYANT AVE S MINNEAPOLIS MN 55409	A VERKERKE & M VERKERKE	RESIDENTIAL	$507,200	134 ft
4044 BRYANT AVE S MINNEAPOLIS MN 55409	AMY MARIE SAMSON	RESIDENTIAL	$579,400	140 ft
4052 BRYANT AVE S MINNEAPOLIS MN 55409	SUSAN M KENNEDY REV LIV TRST	RESIDENTIAL	$514,700	141 ft
4101 COLFAX AVE S MINNEAPOLIS MN 55409	JOSEPH D OTT	RESIDENTIAL	$974,100	146 ft
4040 BRYANT AVE S MINNEAPOLIS MN 55409	P A SKJERVOLD & L MENKE	RESIDENTIAL	$564,800	158 ft
4033 COLFAX AVE S MINNEAPOLIS MN 55409	T E FRANCHETT ET AL	RESIDENTIAL	$527,000	168 ft
4036 BRYANT AVE S MINNEAPOLIS MN 55409	SAMUEL FELLMAN & ELLEN DEAN	RESIDENTIAL	$544,500	184 ft

Property History

Most Recent Sale

Date202307

Price$870,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,323