4501 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1102824330201

Property Overview

Parcel ID1102824330201

Lot Size4,924 sq ft (0.113 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerHOMER VAUGHN ETAL

Assessed Value$294,200

Land Value$118,000

Building Value$176,200

Annual Tax$4,256

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

3 permits on record since 2018 · $17K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscAug 2018Closed

$11K

WINDOW WORLD

MiscJun 2018Closed

$6K

HOME PRO AMERICA LLC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth0 ft

Area~2,244 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,244 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4505 COLUMBUS AVE MINNEAPOLIS MN 55407	LARRY L CARPENTER ET AL	RESIDENTIAL	$337,400	40 ft
4509 COLUMBUS AVE MINNEAPOLIS MN 55407	CHASU LO	RESIDENTIAL	$323,800	80 ft
4445 COLUMBUS AVE MINNEAPOLIS MN 55407	CLARA D ETHERIDGE	RESIDENTIAL	$365,800	109 ft
4513 COLUMBUS AVE MINNEAPOLIS MN 55407	CAROL J JORGENSON	RESIDENTIAL	$316,700	120 ft
4441 COLUMBUS AVE MINNEAPOLIS MN 55407	J W LINDWOOD & C B LINDWOOD	RESIDENTIAL	$480,000	158 ft
4500 CHICAGO AVE MINNEAPOLIS MN 55407	THOMAS R JOHNSON	CONDOMINIUM	$297,500	158 ft
4500 CHICAGO AVE MINNEAPOLIS MN 55407	LORI A BALE	CONDOMINIUM	$284,600	158 ft
4500 CHICAGO AVE MINNEAPOLIS MN 55407	PAUL ZAVADA/KATHERINE ZAVADA	CONDOMINIUM	$256,800	158 ft
4500 CHICAGO AVE MINNEAPOLIS MN 55407	TERESA CHILLINGWORTH	CONDOMINIUM	$209,700	158 ft
4500 CHICAGO AVE MINNEAPOLIS MN 55407	RITA CHAKRABARTI	CONDOMINIUM	$223,600	158 ft

Property History

Current Tax Year

Year2026

Tax Due$4,256