4940 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824140089

Property Overview

Parcel ID1602824140089

Lot Size6,406 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerMARY J STREITZ

Assessed Value$918,200

Land Value$306,000

Building Value$612,200

Annual Tax$15,623

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2014 · $179K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Expired

Warners Stellian Co Inc

ResJul 2024Closed

CenterPoint Energy Resource Corp

RemodelJun 2021Closed

$4K

EGRESS WINDOW GUY

ResJan 2021Closed

Urban Pine Plumbing and Mechanical Inc

Building Re-inspectionNov 2014

$175K

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,759/mo

Renter-occupied8.6%

Median home value$617K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1114

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 width40 ft

Buildable depth88 ft

Area~3,525 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 3,525 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
4936 COLFAX AVE S MINNEAPOLIS MN 55419	JOYCE MARION DALY	RESIDENTIAL	$864,900	50 ft
4946 COLFAX AVE S MINNEAPOLIS MN 55419	RUSSELL WIGHT/CHELSEY WIGHT	RESIDENTIAL	$740,200	50 ft
4932 COLFAX AVE S MINNEAPOLIS MN 55419	JACK L MCNEILL	RESIDENTIAL	$704,000	100 ft
4950 COLFAX AVE S MINNEAPOLIS MN 55419	ANGELA L WUCHERPFENNIG ET AL	RESIDENTIAL	$626,000	100 ft
4943 DUPONT AVE S MINNEAPOLIS MN 55419	A HUMPHREY & J HUMPHREY	RESIDENTIAL	$962,000	142 ft
4945 DUPONT AVE S MINNEAPOLIS MN 55419	B J KEANE & B K KEANE	RESIDENTIAL	$701,600	146 ft
4937 DUPONT AVE S MINNEAPOLIS MN 55419	D PEPPER & P PORTER PEPPER	RESIDENTIAL	$547,400	149 ft
4954 COLFAX AVE S MINNEAPOLIS MN 55419	N R BEDNAR & G A DOHERTY	RESIDENTIAL	$626,900	150 ft
4926 COLFAX AVE S MINNEAPOLIS MN 55419	S DEGNAN & M DEGNAN	RESIDENTIAL	$725,600	151 ft
4949 DUPONT AVE S MINNEAPOLIS MN 55419	BRADLEY ROLFS	RESIDENTIAL	$551,000	160 ft

Property History

Most Recent Sale

Date200901

Price$579,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$15,623