4607 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 1211821340096

Property Overview

Parcel ID1211821340096

Lot Size5,074 sq ft (0.116 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1942

Property ClassRESIDENTIAL

OwnerTONY O DAVIS

Assessed Value$231,000

Land Value$31,000

Building Value$200,000

Annual Tax$3,775

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 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 width30 ft

Buildable depth87 ft

Area~2,605 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 2,605 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4601 COLFAX AVE N MINNEAPOLIS MN 55412	ANDREW HOPKINS	RESIDENTIAL	$338,000	39 ft
4611 COLFAX AVE N MINNEAPOLIS MN 55412	F V CRUZ & M A LANEY	RESIDENTIAL	$333,000	40 ft
4615 COLFAX AVE N MINNEAPOLIS MN 55412	IRON STONE PROPERTIES	RESIDENTIAL-TWO UNIT	$202,200	80 ft
4617 COLFAX AVE N MINNEAPOLIS MN 55412	MYCHAL FRELIX	LOW INCOME RENTAL	$283,300	123 ft
4606 DUPONT AVE N MINNEAPOLIS MN 55412	GAYLYNN RAE FRANZEN	RESIDENTIAL	$216,800	137 ft
4559 COLFAX AVE N MINNEAPOLIS MN 55412	DWAYNE MEIER	RESIDENTIAL	$153,700	137 ft
4600 DUPONT AVE N MINNEAPOLIS MN 55412	JEREMY MORAN/LAURA DEROSIER	RESIDENTIAL	$226,900	143 ft
4610 DUPONT AVE N MINNEAPOLIS MN 55412	JOSEPH A KOROGI TRUSTEE	RESIDENTIAL	$203,700	143 ft
4614 DUPONT AVE N MINNEAPOLIS MN 55412	MARY KAY BALLANGER	RESIDENTIAL	$162,000	159 ft
4623 COLFAX AVE N MINNEAPOLIS MN 55412	ALFRED ARMSTRONG	RESIDENTIAL	$226,600	167 ft

Property History

Most Recent Sale

Date201605

Price$137,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,775