4715 COLFAX AVE N MINNEAPOLIS MN 55430

PID: 1211821310100

Property Overview

Parcel ID1211821310100

Lot Size4,985 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerNATHAN W VARHOL

Assessed Value$216,900

Land Value$36,000

Building Value$180,900

Annual Tax$3,206

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width30 ft

Buildable depth85 ft

Area~2,538 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 2,538 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
4719 COLFAX AVE N MINNEAPOLIS MN 55430	ANDREA IRIS WAGNER	RESIDENTIAL	$206,500	40 ft
4711 COLFAX AVE N MINNEAPOLIS MN 55430	CASSIE YOUNG	RESIDENTIAL	$252,400	40 ft
4723 COLFAX AVE N MINNEAPOLIS MN 55430	L J SCHUTTE & E E HATCH	RESIDENTIAL	$191,000	80 ft
4707 COLFAX AVE N MINNEAPOLIS MN 55430	WAYNE P ROHLF	RESIDENTIAL	$126,200	80 ft
4727 COLFAX AVE N MINNEAPOLIS MN 55430	TERANCE DISCHINGER ET AL	RESIDENTIAL	$184,000	120 ft
4701 COLFAX AVE N MINNEAPOLIS MN 55430	KRISTINE A BONDE	RESIDENTIAL	$216,000	124 ft
4714 DUPONT AVE N MINNEAPOLIS MN 55430	R HILL & K PETERSON	RESIDENTIAL	$140,400	138 ft
1012 47TH AVE N MINNEAPOLIS MN 55412	KEVIN RICHARDS	RESIDENTIAL	$168,000	142 ft
4710 DUPONT AVE N MINNEAPOLIS MN 55430	KEVIN STRINGER	RESIDENTIAL	$152,300	144 ft
4718 DUPONT AVE N MINNEAPOLIS MN 55430	HERMAN PEREZ	RESIDENTIAL	$107,800	144 ft

Property History

Most Recent Sale

Date200409

Price$120,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,206