4540 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1102824330156

Property Overview

Parcel ID1102824330156

Lot Size4,731 sq ft (0.109 ac)

Lot Dimensions (est.)118 ft wide × 40 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerNORMAN R ARLANDSON ETAL

Assessed Value$297,600

Land Value$118,000

Building Value$179,600

Annual Tax$4,599

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 2023 · Most recent: Oct 2023 (res)

ResOct 2023Closed

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 depth78 ft

Area~2,347 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 2,347 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4536 COLUMBUS AVE MINNEAPOLIS MN 55407	SHERYL LYNN BROAD	RESIDENTIAL	$352,800	40 ft
4544 COLUMBUS AVE MINNEAPOLIS MN 55407	ANNIE P WADE	RESIDENTIAL	$320,100	40 ft
4532 COLUMBUS AVE MINNEAPOLIS MN 55407	KATHLEEN ANN WILCOX	RESIDENTIAL	$348,100	80 ft
4548 COLUMBUS AVE MINNEAPOLIS MN 55407	EDWARD E PITTMAN	RESIDENTIAL	$346,400	80 ft
4528 COLUMBUS AVE MINNEAPOLIS MN 55407	A JUELICH & M BUXTON	RESIDENTIAL	$290,100	120 ft
4552 COLUMBUS AVE MINNEAPOLIS MN 55407	K KOTTEMANN & L KOTTEMANN	RESIDENTIAL	$381,400	120 ft
4541 PARK AVE MINNEAPOLIS MN 55407	AMANDA JOERSZ & BRETT JOERSZ	RESIDENTIAL	$394,200	132 ft
4537 PARK AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	137 ft
4545 PARK AVE MINNEAPOLIS MN 55407	MEGAN OAKES & MIKE OAKES	RESIDENTIAL	$445,100	138 ft
4533 PARK AVE MINNEAPOLIS MN 55407	ATLEN DOE ET AL	RESIDENTIAL	$328,000	154 ft

Property History

Current Tax Year

Year2026

Tax Due$4,599