4545 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1102824330189

Property Overview

Parcel ID1102824330189

Lot Size4,940 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerANDREA M JOHNSON

Assessed Value$317,600

Land Value$118,000

Building Value$199,600

Annual Tax$4,646

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 2022 · $12K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscJun 2022Cancelled

$12K

DOTSON LLP

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,504 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 2,504 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4549 COLUMBUS AVE MINNEAPOLIS MN 55407	JESSICA LLERENA	RESIDENTIAL	$356,300	39 ft
4541 COLUMBUS AVE MINNEAPOLIS MN 55407	PAUL MRAZ & ANN JOB	RESIDENTIAL	$237,000	40 ft
4553 COLUMBUS AVE MINNEAPOLIS MN 55407	A DEMGEN & C HARDACKER	RESIDENTIAL	$341,500	78 ft
4537 COLUMBUS AVE MINNEAPOLIS MN 55407	LOTTIE BEA JOHNSON	RESIDENTIAL	$339,000	80 ft
4557 COLUMBUS AVE MINNEAPOLIS MN 55407	LORI LYNN	RESIDENTIAL	$285,700	115 ft
4533 COLUMBUS AVE MINNEAPOLIS MN 55407	WILLIAM LOVE & A HULTBERG	RESIDENTIAL	$281,500	120 ft
4546 CHICAGO AVE MINNEAPOLIS MN 55407	SABEENA KELKAR ET AL	RESIDENTIAL-TWO UNIT	$453,500	138 ft
4540 CHICAGO AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	143 ft
4529 COLUMBUS AVE MINNEAPOLIS MN 55407	CAITLYN NICKEL/AARON NICKEL	RESIDENTIAL	$602,300	161 ft
4552 CHICAGO AVE MINNEAPOLIS MN 55407	4554 LLC	COMMERCIAL-PREFERRED	$405,000	167 ft

Property History

Most Recent Sale

Date201508

Price$245,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,646