5241 COLFAX AVE N MINNEAPOLIS MN 55430

PID: 1211821210122

Property Overview

Parcel ID1211821210122

Lot Size4,131 sq ft (0.095 ac)

Lot Dimensions (est.)125 ft wide × 33 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerLISA ANN SKREDE

Assessed Value$195,100

Land Value$37,000

Building Value$158,100

Annual Tax$2,613

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

4 permits on record since 2019 · $8K total declared value · Most recent: Feb 2025 (res)

ResFeb 2025Closed

Larson Plumbing Inc

ResMar 2024Closed

CenterPoint Energy Resource Corp

MiscMar 2021Closed

$8K

THE KINGDOM BUILDERS

ExistresOct 2019Closed

Heating and Cooling Two Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Lind - Bohanon · Minneapolis

Median reported rent1,200/mo

Renter-occupied30.7%

Median home value$219K

Vacancy rate6.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.02

Market Snapshot

Zip code 55430

Median sale price$285K+3.3% YoY

Median price / sqft$175/sqft

Median days to close36 days

Active listings37

Source: Redfin Data Center (Invalid Date) · Zip 55430

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width23 ft

Buildable depth85 ft

Area~1,959 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 sfr / adu benchmarks for 1,959 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5237 COLFAX AVE N MINNEAPOLIS MN 55430	JENNIFER C STEFFENS	RESIDENTIAL	$197,000	33 ft
5245 COLFAX AVE N MINNEAPOLIS MN 55430	EILEEN A NELSON	RESIDENTIAL	$292,900	54 ft
5233 COLFAX AVE N MINNEAPOLIS MN 55430	MADELYNN S HOLLANDER	RESIDENTIAL	$235,700	74 ft
5253 COLFAX AVE N MINNEAPOLIS MN 55430	KUKOR WEAH-NUGBA	RESIDENTIAL	$213,000	120 ft
5229 COLFAX AVE N MINNEAPOLIS MN 55430	PAMELA ANDERSON	RESIDENTIAL	$241,000	124 ft
5240 DUPONT AVE N MINNEAPOLIS MN 55430	PRO OPERAM SUB XI LLC	RESIDENTIAL	$170,700	146 ft
5242 DUPONT AVE N MINNEAPOLIS MN 55430	MARY SCHABERT	RESIDENTIAL	$291,900	153 ft
5234 DUPONT AVE N MINNEAPOLIS MN 55430	AMBREASHA FRAZIER	RESIDENTIAL	$248,100	161 ft
5225 COLFAX AVE N MINNEAPOLIS MN 55430	DANIEL LATU	RESIDENTIAL	$232,900	173 ft
5250 DUPONT AVE N MINNEAPOLIS MN 55430	KENNETH FRANK STROMQUIST	RESIDENTIAL	$123,000	176 ft

Property History

Most Recent Sale

Date199112

Price$33,050

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,613