4415 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 0902824440041

Property Overview

Parcel ID0902824440041

Lot Size5,645 sq ft (0.130 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerJ M LUTZ & M L OSTLING

Assessed Value$656,800

Land Value$268,000

Building Value$388,800

Annual Tax$10,677

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $58K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ResJun 2024Expired

Warners Stellian Co Inc

ExistresSep 2020Closed

Schwantes Heating and Air

ExistresSep 2020Closed

Schwantes Heating and Air

MiscJul 2020Closed

$45K

RENEWAL BY ANDERSEN CORP

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 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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~3,020 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 3,020 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
4417 COLFAX AVE S MINNEAPOLIS MN 55419	ARCHIBALD A & AMY M SKEMP	RESIDENTIAL	$735,000	42 ft
4409 COLFAX AVE S MINNEAPOLIS MN 55419	M MOULSON & J E GREENZWEIG	RESIDENTIAL	$532,500	42 ft
4421 COLFAX AVE S MINNEAPOLIS MN 55419	M C TILLEMAN & E K STARK	RESIDENTIAL	$491,400	79 ft
4405 COLFAX AVE S MINNEAPOLIS MN 55419	CRAIG S OLSON	RESIDENTIAL	$519,200	86 ft
4423 COLFAX AVE S MINNEAPOLIS MN 55419	JONATHAN M LIEN	RESIDENTIAL	$527,900	111 ft
915 44TH ST W MINNEAPOLIS MN 55409	E A MALY AND W R VERSEN	RESIDENTIAL	$531,400	116 ft
4401 COLFAX AVE S MINNEAPOLIS MN 55419	BOLA ATTA	RESIDENTIAL	$620,000	129 ft
4412 BRYANT AVE S MINNEAPOLIS MN 55419	C J MARKMAN & D A MARKMAN	RESIDENTIAL	$435,200	134 ft
909 44TH ST W MINNEAPOLIS MN 55409	R EWALD & A SINGLETON	RESIDENTIAL	$377,000	139 ft
4408 BRYANT AVE S MINNEAPOLIS MN 55419	MELISA A LEE	RESIDENTIAL	$565,000	140 ft

Property History

Most Recent Sale

Date198701

Price$134,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,677