4507 COLFAX AVE N MINNEAPOLIS MN 55412

PID: 1211821340211

Property Overview

Parcel ID1211821340211

Lot Size7,581 sq ft (0.174 ac)

Lot Dimensions (est.)127 ft wide × 60 ft deep

Year Built1948

Property ClassRESIDENTIAL-TWO UNIT

OwnerANNABELLE M VILLEGAS

Assessed Value$340,600

Land Value$37,000

Building Value$303,600

Annual Tax$8,499

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 width50 ft

Buildable depth86 ft

Area~4,320 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 4,320 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4515 COLFAX AVE N MINNEAPOLIS MN 55412	NIKOLI D SCHOTZ	RESIDENTIAL	$183,900	50 ft
4519 COLFAX AVE N MINNEAPOLIS MN 55412	MARIA G R MORALES/C ROSENDO	RESIDENTIAL	$147,800	90 ft
4523 COLFAX AVE N MINNEAPOLIS MN 55412	GARY T GARDAS	RESIDENTIAL	$137,800	130 ft
4506 DUPONT AVE N MINNEAPOLIS MN 55412	CITY OF MPLS PARK BOARD	LAND-COMMERCIAL	$0	136 ft
4518 DUPONT AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL-TWO UNIT	$0	153 ft
4527 COLFAX AVE N MINNEAPOLIS MN 55412	4527 COLFAX AVE N LLC	RESIDENTIAL	$150,000	170 ft
4510 COLFAX AVE N MINNEAPOLIS MN 55412	JUNFEN Y YANG	RESIDENTIAL	$184,100	187 ft
4506 COLFAX AVE N MINNEAPOLIS MN 55412	DOUGLAS HUBER	RESIDENTIAL	$234,100	189 ft
4514 COLFAX AVE N MINNEAPOLIS MN 55412	HOUSING UNLIMITED LLC	RESIDENTIAL	$217,000	194 ft
4502 COLFAX AVE N MINNEAPOLIS MN 55412	MOHIT KUMAR	RESIDENTIAL	$91,000	199 ft

Property History

Most Recent Sale

Date201207

Price$151,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,499