4148 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0902824140157

Property Overview

Parcel ID0902824140157

Lot Size8,452 sq ft (0.194 ac)

Lot Dimensions (est.)134 ft wide × 63 ft deep

Year Built1932

Property ClassTRIPLEX

OwnerBRYAN RICHARD GESS

Assessed Value$734,900

Land Value$283,000

Building Value$451,900

Annual Tax$12,201

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

No permits found in Minneapolis open data for this parcel.

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 width53 ft

Buildable depth94 ft

Area~4,991 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 4,991 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4152 COLFAX AVE S MINNEAPOLIS MN 55409	ERIN C O'FALLON ET AL	RESIDENTIAL	$455,800	53 ft
4142 COLFAX AVE S MINNEAPOLIS MN 55409	TRACY E TRACY & MARY BUSSMAN	RESIDENTIAL	$653,200	59 ft
4136 COLFAX AVE S MINNEAPOLIS MN 55409	HEIDI R LEMKE TRUST	RESIDENTIAL	$566,400	111 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	NAZAR KHAN	RESIDENTIAL	$1,654,000	135 ft
4132 COLFAX AVE S MINNEAPOLIS MN 55409	STEVEN C WOLDUM ET AL	RESIDENTIAL	$450,200	157 ft
4141 DUPONT AVE S MINNEAPOLIS MN 55409	S M KHAN & S S KHAN	RESIDENTIAL	$1,069,800	159 ft
4145 COLFAX AVE S MINNEAPOLIS MN 55409	KAREN L HINZ	RESIDENTIAL-TWO UNIT	$723,100	195 ft
4128 COLFAX AVE S MINNEAPOLIS MN 55409	MARIA J HANRATTY	RESIDENTIAL	$391,500	199 ft
4153 COLFAX AVE S MINNEAPOLIS MN 55409	PETER ALLEN & KATHY ALLEN	RESIDENTIAL-TWO UNIT	$589,000	199 ft
4200 COLFAX AVE S MINNEAPOLIS MN 55409	JOSEPH FIELDS	RESIDENTIAL	$557,800	199 ft

Property History

Most Recent Sale

Date200211

Price$558,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,201