4209 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0902824410040

Property Overview

Parcel ID0902824410040

Lot Size5,648 sq ft (0.130 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerMEREDITH L PAIN TRUST

Assessed Value$632,700

Land Value$268,000

Building Value$364,700

Annual Tax$10,221

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $12K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2023Closed

$12K

Summit Construction Group

ExistresMar 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

ResMar 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

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

Neighborhood Profile

East Harriet · Minneapolis

Median reported rent1,676/mo

Renter-occupied16.2%

Median home value$633K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 107

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~3,022 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 3,022 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4215 COLFAX AVE S MINNEAPOLIS MN 55409	D J GLANZER & T R VACURA TRE	RESIDENTIAL	$457,900	42 ft
4205 COLFAX AVE S MINNEAPOLIS MN 55409	MATTHEW JOSEPH PERRY	RESIDENTIAL	$575,100	42 ft
4219 COLFAX AVE S MINNEAPOLIS MN 55409	AMY ELLINGSON	RESIDENTIAL	$376,200	84 ft
4201 COLFAX AVE S MINNEAPOLIS MN 55409	LAGERQUIST FAMILY TRUST	RESIDENTIAL	$624,700	86 ft
4221 COLFAX AVE S MINNEAPOLIS MN 55409	ERIC URNES & RONDA URNES	RESIDENTIAL	$519,600	126 ft
909 42ND ST W MINNEAPOLIS MN 55409	MARKUS SILPALA/T ANN SILPALA	RESIDENTIAL	$471,400	129 ft
4208 BRYANT AVE S MINNEAPOLIS MN 55409	R W WUOLO & A M JOURNEY	RESIDENTIAL	$568,000	134 ft
4212 BRYANT AVE S MINNEAPOLIS MN 55409	M M MYHROM & S L MYHROM	RESIDENTIAL-TWO UNIT	$618,400	140 ft
4204 BRYANT AVE S MINNEAPOLIS MN 55409	E M COLASACCO & M S NELSON	RESIDENTIAL	$522,500	141 ft
4216 BRYANT AVE S MINNEAPOLIS MN 55409	PATRICIA C HARMON	RESIDENTIAL	$454,500	158 ft

Property History

Most Recent Sale

Date202011

Price$590,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,221