4621 COLUMBUS AVE MINNEAPOLIS MN 55407

PID: 1402824220174

Property Overview

Parcel ID1402824220174

Lot Size4,917 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerN A HEDLUND & G R HEDLUND

Assessed Value$351,100

Land Value$138,000

Building Value$213,100

Annual Tax$5,205

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

5 permits on record since 2018 · $23K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$13K

KAUFMAN SHEET METAL ROOFING INC

ExistresMay 2019Closed

Gregg Hedlund

ExistresOct 2018Closed

Metro Heating & Cooling LLC

ResApr 2018Closed

Gregg Hedlund

RemodelApr 2018Closed

$10K

Gregg Hedlund

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Field · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,487 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 small multifamily (2–4 units, wood frame) benchmarks for 2,487 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4625 COLUMBUS AVE MINNEAPOLIS MN 55407	SUSAN C SPICZYNSKI	RESIDENTIAL	$258,000	40 ft
4617 COLUMBUS AVE MINNEAPOLIS MN 55407	JAN RANDAL	RESIDENTIAL	$302,200	40 ft
4613 COLUMBUS AVE MINNEAPOLIS MN 55407	R ELLIOTT ETAL	RESIDENTIAL	$338,500	80 ft
4629 COLUMBUS AVE MINNEAPOLIS MN 55407	MARK K DIGRE	RESIDENTIAL	$315,200	81 ft
4609 COLUMBUS AVE MINNEAPOLIS MN 55407	MATTHEW R HOWARD	RESIDENTIAL	$264,600	120 ft
4633 COLUMBUS AVE MINNEAPOLIS MN 55407	MARY T MAYER	RESIDENTIAL	$344,300	123 ft
4620 CHICAGO AVE MINNEAPOLIS MN 55407	RENEE R RODIER	RESIDENTIAL	$292,400	137 ft
4624 CHICAGO AVE MINNEAPOLIS MN 55407	KERRI J NELSON	RESIDENTIAL	$274,400	142 ft
4616 CHICAGO AVE MINNEAPOLIS MN 55407	C BULOCK & L BULOCK	RESIDENTIAL	$256,600	143 ft
4614 CHICAGO AVE MINNEAPOLIS MN 55407	DUSTIN M LATTERY	RESIDENTIAL	$315,700	159 ft

Property History

Most Recent Sale

Date200010

Price$125,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,205