4846 COLFAX AVE N MINNEAPOLIS MN 55430

PID: 1211821310203

Property Overview

Parcel ID1211821310203

Lot Size5,207 sq ft (0.120 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1942

Property Class—

OwnerCITY/LAKES COMMUNITY LAND TR

Assessed Value$198,500

Land Value$37,000

Building Value$161,500

Annual Tax$1,977

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

7 permits on record since 2017 · $19K total declared value · Most recent: Feb 2026 (existres)

ExistresFeb 2026Closed

Total Home Solutions LLC

RemodelMar 2024Closed

$7K

Accessibility 101

ResMar 2024Closed

JMS Plumbing LLC

MiscOct 2021Closed

$6K

MERIDIAN PROPERTIES LLC

ResJan 2018Closed

FIGNAR PLUMBING

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 width30 ft

Buildable depth90 ft

Area~2,704 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 2,704 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4842 COLFAX AVE N MINNEAPOLIS MN 55430	EVEREST HOLDINGS LLC	LOW INCOME RENTAL	$182,000	40 ft
4850 COLFAX AVE N MINNEAPOLIS MN 55430	G R WRIGHT ET AL SUBJ/ L E	RESIDENTIAL	$163,400	40 ft
4838 COLFAX AVE N MINNEAPOLIS MN 55430	VARPNESS PROPERTIES LLC	RESIDENTIAL	$164,200	80 ft
4854 COLFAX AVE N MINNEAPOLIS MN 55430	JASON BRENNY/JENNIFER BRENNY	RESIDENTIAL	$158,700	80 ft
4834 COLFAX AVE N MINNEAPOLIS MN 55430	DANIELLE MITCHELL	RESIDENTIAL	$181,800	120 ft
4858 COLFAX AVE N MINNEAPOLIS MN 55430	GLENN SIMPSON	RESIDENTIAL	$232,900	120 ft
4847 BRYANT AVE N MINNEAPOLIS MN 55430	JAFARI TYWAN BANKS	RESIDENTIAL	$365,000	144 ft
4851 BRYANT AVE N MINNEAPOLIS MN 55430	CHRISTOPHER FREY	RESIDENTIAL	$223,900	149 ft
4843 BRYANT AVE N MINNEAPOLIS MN 55430	PAMELA BOOTH	RESIDENTIAL	$167,000	150 ft
4830 COLFAX AVE N MINNEAPOLIS MN 55430	TIMOTHY EDWARD RAY	RESIDENTIAL	$155,300	160 ft

Property History

Most Recent Sale

Date202007

Price$134,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,977