5025 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824410044

Property Overview

Parcel ID1602824410044

Lot Size7,742 sq ft (0.178 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerF ELSENBAST & L ELSENBAST

Assessed Value$1,081,500

Land Value$332,000

Building Value$749,500

Annual Tax$18,711

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

7 permits on record since 2016 · $130K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

CenterPoint Energy Resource Corp

ResMay 2022Closed

Warners Stellian Co Inc

MiscOct 2021Closed

$16K

LEGACY RESTORATION LLC

ResApr 2017Closed

FIRESIDE HEARTH AND HOME

ResApr 2017Closed

McDonnell Plumbing and Heating LLC

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 depth89 ft

Area~4,453 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 4,453 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
5031 COLFAX AVE S MINNEAPOLIS MN 55419	MARY GAIL BURG	RESIDENTIAL	$844,800	60 ft
5019 COLFAX AVE S MINNEAPOLIS MN 55419	JANE VERSCHOOR-LABREE REV TR	RESIDENTIAL	$858,700	60 ft
5037 COLFAX AVE S MINNEAPOLIS MN 55419	LENA M HESS & MICHAEL T HESS	RESIDENTIAL	$996,100	120 ft
5015 COLFAX AVE S MINNEAPOLIS MN 55419	K M BRUNSDALE & M A FRIEBELE	RESIDENTIAL	$861,000	120 ft
5026 BRYANT AVE S MINNEAPOLIS MN 55419	M W MCCAUGHEY/R J MCCAUGHEY	RESIDENTIAL	$1,231,500	141 ft
5018 BRYANT AVE S MINNEAPOLIS MN 55419	P S WOOD JR & M G WOOD	RESIDENTIAL	$846,200	153 ft
5030 BRYANT AVE S MINNEAPOLIS MN 55419	ELSA PERUSHEK/PATRICK SNYDER	RESIDENTIAL	$849,600	154 ft
5007 COLFAX AVE S MINNEAPOLIS MN 55419	L E STOA & L H STOA	RESIDENTIAL	$850,000	179 ft
5045 COLFAX AVE S MINNEAPOLIS MN 55419	HOPE FRISCH & JEREMY N KALIN	RESIDENTIAL	$857,600	180 ft
5012 BRYANT AVE S MINNEAPOLIS MN 55419	H T GRABOWSKI & N M CARROLL	RESIDENTIAL-TWO UNIT	$771,500	185 ft

Property History

Most Recent Sale

Date201303

Price$721,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$18,711