5120 COLFAX AVE N MINNEAPOLIS MN 55430

PID: 1211821210197

Property Overview

Parcel ID1211821210197

Lot Size6,442 sq ft (0.148 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerMAXWELL JAMES CORRIGAN

Assessed Value$236,200

Land Value$46,000

Building Value$190,200

Annual Tax$3,657

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

2 permits on record since 2018 · Most recent: Mar 2024 (res)

ResMar 2024Closed

CenterPoint Energy Resource Corp

ResFeb 2018Closed

Linn Star Transfer 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 width40 ft

Buildable depth89 ft

Area~3,552 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 3,552 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5116 COLFAX AVE N MINNEAPOLIS MN 55430	CHAD OLSON	RESIDENTIAL	$237,800	50 ft
5124 COLFAX AVE N MINNEAPOLIS MN 55430	WODEANYENE MAI ADDO	RESIDENTIAL	$275,200	50 ft
5112 COLFAX AVE N MINNEAPOLIS MN 55430	ANTONIO MARTINEZ JR	RESIDENTIAL	$247,100	100 ft
5128 COLFAX AVE N MINNEAPOLIS MN 55430	A L PETERSON & E A PETERSON	RESIDENTIAL	$221,400	100 ft
5123 BRYANT AVE N MINNEAPOLIS MN 55430	5123 BRYANT AVE N LLC	RESIDENTIAL-TWO UNIT	$287,200	146 ft
5117 BRYANT AVE N MINNEAPOLIS MN 55430	CERISANO ENTERPRISE LLC	RESIDENTIAL-TWO UNIT	$268,600	148 ft
5108 COLFAX AVE N MINNEAPOLIS MN 55430	KATHLEEN A FINZELL	RESIDENTIAL	$186,000	150 ft
5132 COLFAX AVE N MINNEAPOLIS MN 55430	REBEKAH J DIETZ	RESIDENTIAL	$230,900	150 ft
5127 BRYANT AVE N MINNEAPOLIS MN 55430	K J LAURION & J M LAURION	RESIDENTIAL-TWO UNIT	$311,400	175 ft
5113 BRYANT AVE N MINNEAPOLIS MN 55430	TANYA MAYS	LOW INCOME RENTAL	$206,900	175 ft

Property History

Most Recent Sale

Date202001

Price$123,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,657