4621 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824110077

Property Overview

Parcel ID1602824110077

Lot Size5,394 sq ft (0.124 ac)

Lot Dimensions (est.)135 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerSUSAN K DITTMAR TRUST

Assessed Value$712,800

Land Value$286,000

Building Value$426,800

Annual Tax$11,736

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2012 · $85K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

RemodelAug 2022Closed

$15K

Gunter Dittmar

ResAug 2022Expired

Gunter Dittmar

ExistresDec 2019Closed

TEAM MECHANICAL INC

ExistresAug 2019Closed

Ray N Welter Heating Co

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,676/mo

Renter-occupied16.2%

Median home value$633K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 107

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 depth95 ft

Area~2,845 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 2,845 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4625 COLFAX AVE S MINNEAPOLIS MN 55419	EUGENE R BASSETT	RESIDENTIAL	$510,000	40 ft
4617 COLFAX AVE S MINNEAPOLIS MN 55419	L ROGERS & A CHRISTOFFEL	RESIDENTIAL	$673,000	50 ft
4629 COLFAX AVE S MINNEAPOLIS MN 55419	JANE E OLAUGHLIN	RESIDENTIAL	$595,000	80 ft
4609 COLFAX AVE S MINNEAPOLIS MN 55419	MICHAEL F & ANNEMARIE J HESS	RESIDENTIAL	$890,000	116 ft
4633 COLFAX AVE S MINNEAPOLIS MN 55419	PRENTISS E COX & MARISA KATZ	RESIDENTIAL	$524,200	120 ft
4620 BRYANT AVE S MINNEAPOLIS MN 55419	STEPHANIE ALLEN/ERIK SWANSON	RESIDENTIAL	$652,600	134 ft
4624 BRYANT AVE S MINNEAPOLIS MN 55419	K G TIMIAN & K A TIMIAN	RESIDENTIAL	$488,800	141 ft
4628 BRYANT AVE S MINNEAPOLIS MN 55419	R VON DISSEN & L VON DISSEN	RESIDENTIAL	$421,000	157 ft
4637 COLFAX AVE S MINNEAPOLIS MN 55419	S K MELAND & J H MELAND	RESIDENTIAL	$578,000	160 ft
4610 BRYANT AVE S MINNEAPOLIS MN 55419	4610 BRYANT LLC	APARTMENT	$1,846,000	161 ft

Property History

Most Recent Sale

Date198605

Price$140,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,736