4531 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 1211821340206

Property Overview

Parcel ID1211821340206

Lot Size5,056 sq ft (0.116 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerPHETSAMONE SOUNDARA

Assessed Value$118,900

Land Value$31,000

Building Value$87,900

Annual Tax$1,326

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

4 permits on record since 2021 · $8K total declared value · Most recent: Nov 2024 (existres)

ExistresNov 2024Closed

Residential Heating and Air Conditioning Inc

RemodelNov 2024Closed

$8K

Intrepid Remodeling LLC

ResOct 2024Closed

Seabass Plumbing LLC

ResMar 2021Closed

CenterPoint Energy Resource Corp

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 width30 ft

Buildable depth86 ft

Area~2,592 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 2,592 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
4535 COLFAX AVE N MINNEAPOLIS MN 55412	JOHN FRANCIS BLAKE	RESIDENTIAL	$143,500	40 ft
4527 COLFAX AVE N MINNEAPOLIS MN 55412	4527 COLFAX AVE N LLC	RESIDENTIAL	$150,000	40 ft
4523 COLFAX AVE N MINNEAPOLIS MN 55412	GARY T GARDAS	RESIDENTIAL	$137,800	79 ft
4539 COLFAX AVE N MINNEAPOLIS MN 55412	ANTHONY SPEARS	RESIDENTIAL	$341,000	80 ft
4519 COLFAX AVE N MINNEAPOLIS MN 55412	MARIA G R MORALES/C ROSENDO	RESIDENTIAL	$147,800	119 ft
4547 COLFAX AVE N MINNEAPOLIS MN 55412	STRUCTURED ASSET INVESTMENT	RESIDENTIAL	$197,000	137 ft
4530 DUPONT AVE N MINNEAPOLIS MN 55412	JENNIFER BERG	RESIDENTIAL	$236,200	137 ft
4526 DUPONT AVE N MINNEAPOLIS MN 55412	WAYNE SAUER	RESIDENTIAL	$85,000	142 ft
4534 DUPONT AVE N MINNEAPOLIS MN 55412	PINEWOOD LLC	RESIDENTIAL	$225,700	143 ft
4515 COLFAX AVE N MINNEAPOLIS MN 55412	NIKOLI D SCHOTZ	RESIDENTIAL	$183,900	159 ft

Property History

Most Recent Sale

Date202504

Price$193,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,326