4321 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0902824410128

Property Overview

Parcel ID0902824410128

Lot Size5,646 sq ft (0.130 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerRYAN PADILLA

Assessed Value$496,600

Land Value$268,000

Building Value$228,600

Annual Tax$7,632

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $27K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$9K

WATERSTONE CONSTRUCTION INC

ExistresJul 2019Closed

Piperight Plumbing Inc

ResApr 2019Closed

Piperight Plumbing Inc

ExistresApr 2019Closed

Jim Beck Mechanical LLC

ResFeb 2019Closed

Piperight Plumbing 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 rent1,676/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~3,021 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

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4325 COLFAX AVE S MINNEAPOLIS MN 55409	LABORE LIVING TRUST	RESIDENTIAL	$703,100	42 ft
4317 COLFAX AVE S MINNEAPOLIS MN 55409	L ELIZABETH BRUNNETTE ET AL	RESIDENTIAL	$582,100	42 ft
4313 COLFAX AVE S MINNEAPOLIS MN 55409	N J LUNNEBORG & J J DIIRO	RESIDENTIAL	$589,300	84 ft
4329 COLFAX AVE S MINNEAPOLIS MN 55409	J W RYS & N R RYS	RESIDENTIAL	$495,700	84 ft
4309 COLFAX AVE S MINNEAPOLIS MN 55409	D H CURLE & H I NORDLUND	RESIDENTIAL	$627,600	126 ft
4333 COLFAX AVE S MINNEAPOLIS MN 55409	CAITLIN ELIZABETH SKINNER	RESIDENTIAL	$505,400	126 ft
4320 BRYANT AVE S MINNEAPOLIS MN 55409	C J & I A PETRILLA	RESIDENTIAL	$414,900	134 ft
4316 BRYANT AVE S MINNEAPOLIS MN 55409	KEVIN G AUSTIN	RESIDENTIAL	$387,000	141 ft
4328 BRYANT AVE S MINNEAPOLIS MN 55409	C S RASMUSSEN/M P RASMUSSEN	RESIDENTIAL	$439,000	143 ft
4312 BRYANT AVE S MINNEAPOLIS MN 55409	A M TERZICH & L A GRANT	RESIDENTIAL	$513,100	158 ft

Property History

Most Recent Sale

Date201811

Price$307,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,632