4805 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824140150

Property Overview

Parcel ID1602824140150

Lot Size10,861 sq ft (0.249 ac)

Lot Dimensions (est.)136 ft wide × 80 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerT A CARRENO & E H CARRENO

Assessed Value$781,000

Land Value$380,000

Building Value$401,000

Annual Tax$14,053

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $2K total declared value · Most recent: Sep 2024 (res)

ResSep 2024Closed

Boevaag Plumbing Inc

ResJul 2024Closed

CenterPoint Energy Resource Corp

ExistresApr 2018Closed

Burn - O - Matic Mooney & Ridler

ExistresAug 2017Closed

Erickson Plumbing Heating Cooling Inc

MiscAug 2017Closed

$2K

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 rent1,759/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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width123 ft

Buildable depth40 ft

Area~6,414 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 6,414 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4809 COLFAX AVE S MINNEAPOLIS MN 55419	D T HERNDON & B S HERNDON	RESIDENTIAL	$840,500	70 ft
4757 COLFAX AVE S MINNEAPOLIS MN 55419	M J GASKINS/CLAIRE M WRIGHT	RESIDENTIAL	$503,000	120 ft
4815 COLFAX AVE S MINNEAPOLIS MN 55419	ELIZABETH C BUCKINGHAM	RESIDENTIAL	$760,800	130 ft
905 48TH ST W MINNEAPOLIS MN 55419	CHARLES J GANTZER III ET AL	RESIDENTIAL	$701,000	135 ft
4808 BRYANT AVE S MINNEAPOLIS MN 55419	JUDITH ANN FLEMING	RESIDENTIAL	$599,100	152 ft
4753 COLFAX AVE S MINNEAPOLIS MN 55419	JKMN PROPERTIES LLC	RESIDENTIAL	$646,000	160 ft
4816 BRYANT AVE S MINNEAPOLIS MN 55419	B T KINSTLER & L L KINSTLER	RESIDENTIAL	$672,000	188 ft
4825 COLFAX AVE S MINNEAPOLIS MN 55419	RAINS BROOKE FAMILY TRUST	RESIDENTIAL	$750,000	190 ft
4800 COLFAX AVE S MINNEAPOLIS MN 55419	S STUBBLEFIELD & P L CHERRY	RESIDENTIAL	$784,900	191 ft
900 48TH ST W MINNEAPOLIS MN 55419	PHOEBE J RUONA TRUST	RESIDENTIAL	$755,400	193 ft

Property History

Most Recent Sale

Date201802

Price$625,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,053