4040 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1102824230181

Property Overview

Parcel ID1102824230181

Lot Size4,936 sq ft (0.113 ac)

Lot Dimensions (est.)116 ft wide × 43 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerLEE E HALL/CARMINE C PROFANT

Assessed Value$317,600

Land Value$92,000

Building Value$225,600

Annual Tax$4,646

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

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

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 width32 ft

Buildable depth78 ft

Area~2,474 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 2,474 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4044 COLUMBUS AVE MINNEAPOLIS MN 55407	N G MARKLIN/J M APPEL TR	RESIDENTIAL	$254,500	42 ft
4036 COLUMBUS AVE MINNEAPOLIS MN 55407	C K SULLIVAN & S L SULLIVAN	RESIDENTIAL	$234,700	43 ft
4032 COLUMBUS AVE MINNEAPOLIS MN 55407	JULIE T LOWEN	RESIDENTIAL	$293,400	85 ft
4048 COLUMBUS AVE MINNEAPOLIS MN 55407	J CHALLBERG & L B CHALLBERG	RESIDENTIAL	$425,800	85 ft
4028 COLUMBUS AVE MINNEAPOLIS MN 55407	DEJA ROGERS	RESIDENTIAL	$380,800	127 ft
4052 COLUMBUS AVE MINNEAPOLIS MN 55407	I LANDRUM & N WILLIAMS	RESIDENTIAL	$298,600	128 ft
4041 PARK AVE MINNEAPOLIS MN 55407	M T GUIDRY & J A GUIDRY	RESIDENTIAL	$384,100	130 ft
4045 PARK AVE MINNEAPOLIS MN 55407	ELISABETH ANNE PLETCHER	RESIDENTIAL	$346,100	137 ft
4037 PARK AVE MINNEAPOLIS MN 55407	LORI ANNE SANDOVAL	RESIDENTIAL	$348,200	137 ft
4049 PARK AVE MINNEAPOLIS MN 55407	AMY VAUGHAN & TY GOSSETT	RESIDENTIAL	$360,400	155 ft

Property History

Most Recent Sale

Date201709

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,646