4245 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1102824320057

Property Overview

Parcel ID1102824320057

Lot Size4,866 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerNELSON D INZ/EMILY A FERING

Assessed Value$311,400

Land Value$120,000

Building Value$191,400

Annual Tax$4,544

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Regina · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

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 width30 ft

Buildable depth82 ft

Area~2,448 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 2,448 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4249 COLUMBUS AVE MINNEAPOLIS MN 55407	MAMIE L WALKER	RESIDENTIAL	$256,400	40 ft
4241 COLUMBUS AVE MINNEAPOLIS MN 55407	N VANDERSANDEN & M J NELSON	RESIDENTIAL	$250,400	40 ft
4253 COLUMBUS AVE MINNEAPOLIS MN 55407	JASON STEMPLE	RESIDENTIAL	$428,700	80 ft
4237 COLUMBUS AVE MINNEAPOLIS MN 55407	ADAM L FIX & CODI STEVENS	RESIDENTIAL	$326,500	80 ft
4257 COLUMBUS AVE MINNEAPOLIS MN 55407	M D MALONE & J C MALONE	RESIDENTIAL	$286,900	117 ft
4233 COLUMBUS AVE MINNEAPOLIS MN 55407	WILLIAM BADER	RESIDENTIAL	$301,600	120 ft
4244 CHICAGO AVE MINNEAPOLIS MN 55407	BRYANT MALLEZ	RESIDENTIAL	$301,100	135 ft
4240 CHICAGO AVE MINNEAPOLIS MN 55407	JESSICA SPLINTER	RESIDENTIAL	$242,000	141 ft
4248 CHICAGO AVE MINNEAPOLIS MN 55407	GRIZZLY MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$292,000	141 ft
4252 CHICAGO AVE MINNEAPOLIS MN 55407	J RASMUSSEN & M NORMAN	RESIDENTIAL	$294,700	156 ft

Property History

Most Recent Sale

Date200603

Price$194,840

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,544