5045 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824410041

Property Overview

Parcel ID1602824410041

Lot Size7,738 sq ft (0.178 ac)

Lot Dimensions (est.)129 ft wide × 60 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerHOPE FRISCH & JEREMY N KALIN

Assessed Value$857,600

Land Value$332,000

Building Value$525,600

Annual Tax$14,476

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $153K total declared value · Most recent: Apr 2026 (remodel)

RemodelApr 2026Inspection

$100K

MOSES RENOVATIONS, LLC

ResJul 2024Closed

CenterPoint Energy Resource Corp

ResAug 2022Expired

Hero Home Services LLC

MiscApr 2021Closed

$40K

SCHERER BROTHERS LUMBER CO

ExistresJun 2020Closed

UPTOWN PLUMBING HEATING AND COOLING

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth89 ft

Area~4,449 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 sfr / adu benchmarks for 4,449 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5049 COLFAX AVE S MINNEAPOLIS MN 55419	J A & E S WALTHOUR	RESIDENTIAL	$894,600	60 ft
5037 COLFAX AVE S MINNEAPOLIS MN 55419	LENA M HESS & MICHAEL T HESS	RESIDENTIAL	$996,100	60 ft
5055 COLFAX AVE S MINNEAPOLIS MN 55419	FRANKLIN C JESSE JR & WIFE	RESIDENTIAL	$1,000,000	120 ft
5031 COLFAX AVE S MINNEAPOLIS MN 55419	MARY GAIL BURG	RESIDENTIAL	$844,800	120 ft
5042 BRYANT AVE S MINNEAPOLIS MN 55419	M A COLIN & A L H COLIN	RESIDENTIAL	$869,800	141 ft
5036 BRYANT AVE S MINNEAPOLIS MN 55419	MARY M HUNSTIGER TRUST	RESIDENTIAL	$761,500	153 ft
5050 BRYANT AVE S MINNEAPOLIS MN 55419	SANDRA K KNOOIHUIZEN	RESIDENTIAL	$643,600	153 ft
5025 COLFAX AVE S MINNEAPOLIS MN 55419	F ELSENBAST & L ELSENBAST	RESIDENTIAL	$1,081,500	180 ft
5030 BRYANT AVE S MINNEAPOLIS MN 55419	ELSA PERUSHEK/PATRICK SNYDER	RESIDENTIAL	$849,600	185 ft
5054 BRYANT AVE S MINNEAPOLIS MN 55419	A VAVOULIS & E VAVOULIS	RESIDENTIAL	$723,600	185 ft

Property History

Most Recent Sale

Date201005

Price$630,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,476