4215 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1102824320065

Property Overview

Parcel ID1102824320065

Lot Size4,856 sq ft (0.111 ac)

Lot Dimensions (est.)121 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerSHIRLEY Y TORMOEN

Assessed Value$351,700

Land Value$120,000

Building Value$231,700

Annual Tax$5,215

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

2 permits on record since 2020 · Most recent: Apr 2022 (existres)

ExistresApr 2022Closed

CENTERPOINT ENERGY

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 depth81 ft

Area~2,441 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 2,441 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4217 COLUMBUS AVE MINNEAPOLIS MN 55407	MICHAEL M QUACH	RESIDENTIAL	$386,200	40 ft
4209 COLUMBUS AVE MINNEAPOLIS MN 55407	JULIA A PALOKANGAS	RESIDENTIAL	$315,900	40 ft
4221 COLUMBUS AVE MINNEAPOLIS MN 55407	LINDA M VAN DIEPEN	RESIDENTIAL	$249,100	80 ft
4205 COLUMBUS AVE MINNEAPOLIS MN 55407	JOYCE EILERS	RESIDENTIAL	$348,900	80 ft
4201 COLUMBUS AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	117 ft
4225 COLUMBUS AVE MINNEAPOLIS MN 55407	MARY K HARRISON	RESIDENTIAL	$217,900	120 ft
4212 CHICAGO AVE MINNEAPOLIS MN 55407	CHARLES E PHENOW	RESIDENTIAL	$302,300	135 ft
4216 CHICAGO AVE MINNEAPOLIS MN 55407	GARY W HAAG	RESIDENTIAL	$290,000	140 ft
4208 CHICAGO AVE MINNEAPOLIS MN 55407	KATHLEEN A WILHITE	RESIDENTIAL	$260,800	141 ft
4220 CHICAGO AVE MINNEAPOLIS MN 55407	M MCNAMEE & Z ZELLERS	RESIDENTIAL	$342,200	156 ft

Property History

Current Tax Year

Year2026

Tax Due$5,215