4623 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 1211821340092

Property Overview

Parcel ID1211821340092

Lot Size5,164 sq ft (0.119 ac)

Lot Dimensions (est.)127 ft wide × 41 ft deep

Year Built1964

Property ClassRESIDENTIAL

OwnerALFRED ARMSTRONG

Assessed Value$226,600

Land Value$32,000

Building Value$194,600

Annual Tax$3,112

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

3 permits on record since 2021 · Most recent: Mar 2026 (existres)

ExistresMar 2026Closed

CENTERPOINT ENERGY

ExistresJul 2025Closed

Home Energy Center Inc

ResFeb 2021Closed

CHAMPION PLUMBING LLC

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 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width31 ft

Buildable depth86 ft

Area~2,666 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 2,666 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
4627 COLFAX AVE N MINNEAPOLIS MN 55412	ALEXEI SAFONOV/IRINA SAFONOV	TRIPLEX	$270,000	37 ft
4617 COLFAX AVE N MINNEAPOLIS MN 55412	MYCHAL FRELIX	LOW INCOME RENTAL	$283,300	44 ft
4631 COLFAX AVE N MINNEAPOLIS MN 55412	SPENCER D LOWE	RESIDENTIAL	$176,900	73 ft
4615 COLFAX AVE N MINNEAPOLIS MN 55412	IRON STONE PROPERTIES	RESIDENTIAL-TWO UNIT	$202,200	87 ft
4635 COLFAX AVE N MINNEAPOLIS MN 55412	LAURA & DAVID T PARKER	RESIDENTIAL	$202,800	113 ft
4611 COLFAX AVE N MINNEAPOLIS MN 55412	F V CRUZ & M A LANEY	RESIDENTIAL	$333,000	127 ft
4622 DUPONT AVE N MINNEAPOLIS MN 55412	C D IKOLA & R C IKOLA	RESIDENTIAL	$244,300	137 ft
4626 DUPONT AVE N MINNEAPOLIS MN 55412	SHANNON UNDERWOOD	RESIDENTIAL	$148,300	141 ft
4618 DUPONT AVE N MINNEAPOLIS MN 55412	R R SANDIDGE & J WATERLAND	RESIDENTIAL	$214,200	145 ft
4639 COLFAX AVE N MINNEAPOLIS MN 55412	WILLIE WILLIAMS	RESIDENTIAL	$202,400	153 ft

Property History

Most Recent Sale

Date202107

Price$238,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,112