4941 COLUMBUS AVE MINNEAPOLIS MN 55417

PID: 1402824230137

Property Overview

Parcel ID1402824230137

Lot Size5,008 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerM RADECKI & A FAVARO

Assessed Value$373,300

Land Value$175,000

Building Value$198,300

Annual Tax$5,575

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

3 permits on record since 2020 · $143K total declared value · Most recent: May 2026 (addition)

AdditionMay 2026Inspection

$140K

Miranda Favaro

MiscNov 2023Closed

$3K

Roof Co NA Inc

ResJan 2020Closed

MN Plumbing & Home Services INC

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

Neighborhood Profile

Field · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 depth85 ft

Area~2,555 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 2,555 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4945 COLUMBUS AVE MINNEAPOLIS MN 55417	THOMAS M ROGGE	RESIDENTIAL	$352,900	40 ft
4937 COLUMBUS AVE MINNEAPOLIS MN 55417	NATHAN E PRIEVE ET AL	RESIDENTIAL	$466,800	40 ft
4949 COLUMBUS AVE MINNEAPOLIS MN 55417	CANDI V WILLIAMS ET AL	RESIDENTIAL	$278,900	80 ft
4933 COLUMBUS AVE MINNEAPOLIS MN 55417	KRISTIN A MAGORIS	RESIDENTIAL	$394,300	80 ft
4953 COLUMBUS AVE MINNEAPOLIS MN 55417	B R HOENK & J M HOENK	RESIDENTIAL	$444,400	120 ft
4929 COLUMBUS AVE MINNEAPOLIS MN 55417	MIKE VOGL & KATHLEEN VOGL	RESIDENTIAL	$779,000	120 ft
4940 CHICAGO AVE MINNEAPOLIS MN 55417	TERI L NAGEL REV LIV TRUST	RESIDENTIAL	$307,600	137 ft
4944 CHICAGO AVE MINNEAPOLIS MN 55417	STEVE WICKSTROM	RESIDENTIAL	$237,500	142 ft
4936 CHICAGO AVE MINNEAPOLIS MN 55417	STEPHEN QUINN & GAIL QUINN	RESIDENTIAL	$395,600	143 ft
4948 CHICAGO AVE MINNEAPOLIS MN 55417	RAVICHANDRAN SEKHAR	RESIDENTIAL	$286,800	158 ft

Property History

Most Recent Sale

Date201902

Price$366,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,575