4037 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1102824230161

Property Overview

Parcel ID1102824230161

Lot Size5,147 sq ft (0.118 ac)

Lot Dimensions (est.)121 ft wide × 43 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerTHOMAS BORAAS

Assessed Value$365,700

Land Value$94,000

Building Value$271,700

Annual Tax$5,450

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2020 · Most recent: Feb 2020 (res)

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Minneapolis

Median reported rent1,284/mo

Renter-occupied41.2%

Median home value$251K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 95

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 depth83 ft

Area~2,636 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 2,636 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4033 COLUMBUS AVE MINNEAPOLIS MN 55407	KATHERINE KAZAMA	RESIDENTIAL	$394,000	42 ft
4041 COLUMBUS AVE MINNEAPOLIS MN 55407	N J SONTAG & N L BAUER	RESIDENTIAL	$301,900	43 ft
4045 COLUMBUS AVE MINNEAPOLIS MN 55407	C BORGAN & L BRUGGEMAN	RESIDENTIAL	$317,400	85 ft
4027 COLUMBUS AVE MINNEAPOLIS MN 55407	ANGELA R ATHIAS	RESIDENTIAL	$209,600	85 ft
4049 COLUMBUS AVE MINNEAPOLIS MN 55407	S DANIEWICZ & M DANIEWICZ	RESIDENTIAL	$537,000	126 ft
4025 COLUMBUS AVE MINNEAPOLIS MN 55407	LISA D SONTAG	RESIDENTIAL	$377,400	127 ft
4036 CHICAGO AVE MINNEAPOLIS MN 55407	C L ERICKSON & M F DELAQUIL	RESIDENTIAL	$440,800	137 ft
4032 CHICAGO AVE MINNEAPOLIS MN 55407	FRANCIS BENJAMIN-REYES	RESIDENTIAL	$292,500	141 ft
4028 CHICAGO AVE MINNEAPOLIS MN 55407	DAMON ELLIS	RESIDENTIAL-TWO UNIT	$329,400	159 ft
4044 CHICAGO AVE MINNEAPOLIS MN 55407	G L G HIGBEE & T M HIGBEE	RESIDENTIAL	$233,600	160 ft

Property History

Most Recent Sale

Date201607

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,450