4827 COLFAX AVE N MINNEAPOLIS MN 55430

PID: 1211821310215

Property Overview

Parcel ID1211821310215

Lot Size5,143 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerJOHN M BROWN & ASHLEY BROWN

Assessed Value$231,700

Land Value$37,000

Building Value$194,700

Annual Tax$3,459

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

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 depth89 ft

Area~2,656 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 2,656 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
4831 COLFAX AVE N MINNEAPOLIS MN 55430	JULIA LARSEN	RESIDENTIAL	$241,600	40 ft
4823 COLFAX AVE N MINNEAPOLIS MN 55430	KESA JONES	RESIDENTIAL	$217,800	40 ft
4835 COLFAX AVE N MINNEAPOLIS MN 55430	WILLIAM R PICKEREN	RESIDENTIAL	$177,500	80 ft
4819 COLFAX AVE N MINNEAPOLIS MN 55430	JEFFREY VB-KITTELSON III	RESIDENTIAL	$122,000	80 ft
4839 COLFAX AVE N MINNEAPOLIS MN 55430	ELLEN WORMWOOD	RESIDENTIAL	$159,500	120 ft
4815 COLFAX AVE N MINNEAPOLIS MN 55430	KIM C LOWERY	RESIDENTIAL	$189,300	120 ft
4826 DUPONT AVE N MINNEAPOLIS MN 55430	BERTHA ORTEGA	RESIDENTIAL	$237,300	142 ft
4822 DUPONT AVE N MINNEAPOLIS MN 55430	JASON WOODSON	RESIDENTIAL	$229,000	147 ft
4830 DUPONT AVE N MINNEAPOLIS MN 55430	S VACEK & A ZECK	RESIDENTIAL	$222,300	148 ft
4843 COLFAX AVE N MINNEAPOLIS MN 55430	JOSE LEON	RESIDENTIAL	$199,000	160 ft

Property History

Most Recent Sale

Date201809

Price$173,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,459