4551 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 1211821340202

Property Overview

Parcel ID1211821340202

Lot Size5,058 sq ft (0.116 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerMATTHEW GRISER

Assessed Value$140,500

Land Value$31,000

Building Value$109,500

Annual Tax$1,915

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 depth86 ft

Area~2,594 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 2,594 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
4555 COLFAX AVE N MINNEAPOLIS MN 55412	CARMEN J SCOTT	RESIDENTIAL	$202,400	39 ft
4547 COLFAX AVE N MINNEAPOLIS MN 55412	STRUCTURED ASSET INVESTMENT	RESIDENTIAL	$197,000	57 ft
4559 COLFAX AVE N MINNEAPOLIS MN 55412	DWAYNE MEIER	RESIDENTIAL	$153,700	77 ft
4539 COLFAX AVE N MINNEAPOLIS MN 55412	ANTHONY SPEARS	RESIDENTIAL	$341,000	115 ft
4550 DUPONT AVE N MINNEAPOLIS MN 55412	TREVAUNT MOORE	RESIDENTIAL	$216,000	138 ft
4554 DUPONT AVE N MINNEAPOLIS MN 55412	JULIA LAGUNAS	RESIDENTIAL	$253,600	142 ft
4542 DUPONT AVE N MINNEAPOLIS MN 55412	KARL W & GINA K JORGENSON	RESIDENTIAL	$142,200	152 ft
4535 COLFAX AVE N MINNEAPOLIS MN 55412	JOHN FRANCIS BLAKE	RESIDENTIAL	$143,500	155 ft
4558 DUPONT AVE N MINNEAPOLIS MN 55412	ALISON MEINERT	RESIDENTIAL	$140,000	157 ft
4601 COLFAX AVE N MINNEAPOLIS MN 55412	ANDREW HOPKINS	RESIDENTIAL	$338,000	174 ft

Property History

Most Recent Sale

Date200602

Price$129,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,915