4709 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824110157

Property Overview

Parcel ID1602824110157

Lot Size5,411 sq ft (0.124 ac)

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

Year Built1909

Property ClassRESIDENTIAL

OwnerM WALLACE & E BUTLER

Assessed Value$534,000

Land Value$287,000

Building Value$247,000

Annual Tax$8,354

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2010 · $81K total declared value · Most recent: Apr 2026 (misc)

MiscApr 2026Closed

$6K

AMERICAN WATERWORKS

MiscJul 2021Closed

$5K

TRINITY EXTERIORS INC

MiscSep 2020Closed

$4K

TRINITY EXTERIORS INC

ResNov 2019Closed

Linn Star Transfer Inc

MiscJan 2019Closed

$9K

CROSSROAD CONSTRUCTION INC

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$535K+0.3% YoY

Median price / sqft$293/sqft

Median days to close12 days

Active listings39

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~2,858 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 2,858 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
4713 COLFAX AVE S MINNEAPOLIS MN 55419	ANDREW SHERMAN & LIA SHERMAN	RESIDENTIAL	$764,300	40 ft
4705 COLFAX AVE S MINNEAPOLIS MN 55419	B CLEARY & L WILLIAMS	RESIDENTIAL	$567,000	40 ft
4717 COLFAX AVE S MINNEAPOLIS MN 55419	M MORRISON & J D MORRISON	RESIDENTIAL	$564,900	80 ft
4701 COLFAX AVE S MINNEAPOLIS MN 55419	PAMELA R OLSON	RESIDENTIAL	$556,000	81 ft
911 47TH ST W MINNEAPOLIS MN 55419	DAVID P LANCTIN	RESIDENTIAL	$525,200	109 ft
4721 COLFAX AVE S MINNEAPOLIS MN 55419	JOHN & LAUREL BLAINE REV TR	RESIDENTIAL	$790,500	120 ft
4708 BRYANT AVE S MINNEAPOLIS MN 55419	DAVID LOUDEN MCCOID II	RESIDENTIAL	$530,800	134 ft
4712 BRYANT AVE S MINNEAPOLIS MN 55419	TIMOTHY A HYDE & AMY JO HYDE	RESIDENTIAL	$509,300	141 ft
4704 BRYANT AVE S MINNEAPOLIS MN 55419	A COLLINS & S COLLINS	RESIDENTIAL	$475,000	154 ft
4716 BRYANT AVE S MINNEAPOLIS MN 55419	SHELLY HAMMES	RESIDENTIAL	$561,100	160 ft

Property History

Most Recent Sale

Date202509

Price$590,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,354