4849 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824140143

Property Overview

Parcel ID1602824140143

Lot Size8,180 sq ft (0.188 ac)

Lot Dimensions (est.)136 ft wide × 60 ft deep

Year Built1949

Property ClassRESIDENTIAL

OwnerMARY B BUSS

Assessed Value$552,300

Land Value$338,000

Building Value$214,300

Annual Tax$8,701

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $1K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

ResJul 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

MiscMar 2018Closed

$1K

CROSSROAD CONSTRUCTION INC

ExistresNov 2017Closed

Erickson Plumbing Heating Cooling Inc

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,759/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 width50 ft

Buildable depth96 ft

Area~4,814 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 4,814 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
4839 COLFAX AVE S MINNEAPOLIS MN 55419	M L FLING & M A G FLING	RESIDENTIAL	$720,100	60 ft
4853 COLFAX AVE S MINNEAPOLIS MN 55419	SHELLEY S WILLIS	RESIDENTIAL	$830,600	81 ft
4835 COLFAX AVE S MINNEAPOLIS MN 55419	A SCHMIESING & J SCHMIESING	RESIDENTIAL	$833,500	121 ft
4844 BRYANT AVE S MINNEAPOLIS MN 55419	GRACE A HAYDEN	RESIDENTIAL	$604,400	135 ft
4852 BRYANT AVE S MINNEAPOLIS MN 55419	C THIBERT & M THIBERT	RESIDENTIAL	$526,500	146 ft
4838 BRYANT AVE S MINNEAPOLIS MN 55419	DEBRA CARBARNES/MARK SAMELS	RESIDENTIAL	$574,700	147 ft
4860 BRYANT AVE S MINNEAPOLIS MN 55419	B WALTS & S WALTS	RESIDENTIAL-TWO UNIT	$799,700	172 ft
4829 COLFAX AVE S MINNEAPOLIS MN 55419	ALLYSON AMIS	RESIDENTIAL	$1,033,000	182 ft
4844 COLFAX AVE S MINNEAPOLIS MN 55419	MARY ELLEN EVANS TRUST	RESIDENTIAL	$552,100	191 ft
4830 BRYANT AVE S MINNEAPOLIS MN 55419	METODY ALLEN-POPOV ET AL	RESIDENTIAL	$703,000	192 ft

Property History

Most Recent Sale

Date199910

Price$186,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$8,701