5116 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 1602824410103

Property Overview

Parcel ID1602824410103

Lot Size6,398 sq ft (0.147 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerPATRICIA F GERHAN REVOC TR

Assessed Value$685,100

Land Value$311,000

Building Value$374,100

Annual Tax$11,213

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $149K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Final Inspection

$9K

SCHERER BROTHERS LUMBER CO

ResJul 2024Closed

CenterPoint Energy Resource Corp

ResAug 2023Expired

Warners Stellian Co Inc

ResOct 2022Expired

Warners Stellian Co Inc

ResDec 2018Closed

BONFES PLUMBING HEATING AND AIR SERVICE 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

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 width40 ft

Buildable depth88 ft

Area~3,517 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 3,517 sqft buildable area.

Est. units

Yield on cost

1.8%

Spread

-3.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5112 COLFAX AVE S MINNEAPOLIS MN 55419	THOMAS CHRISTOPHER MAHLUM	RESIDENTIAL	$983,100	50 ft
5120 COLFAX AVE S MINNEAPOLIS MN 55419	J M BAJEK & K G BAJEK	RESIDENTIAL	$724,500	50 ft
5124 COLFAX AVE S MINNEAPOLIS MN 55419	ELLIOT FELIX/ELIZABETH BUROW	RESIDENTIAL	$924,800	100 ft
5108 COLFAX AVE S MINNEAPOLIS MN 55419	R OLSON & W J HUDSON II	RESIDENTIAL	$717,200	100 ft
5115 DUPONT AVE S MINNEAPOLIS MN 55419	S W NAAS & G E NAAS	RESIDENTIAL	$959,200	144 ft
5128 COLFAX AVE S MINNEAPOLIS MN 55419	KATHERINE LYNN HAYNES BRASKI	RESIDENTIAL	$733,400	148 ft
5121 DUPONT AVE S MINNEAPOLIS MN 55419	R D THOMAS & J J THOMAS	RESIDENTIAL	$727,100	149 ft
5104 COLFAX AVE S MINNEAPOLIS MN 55419	MARCUS BRAUN/BRITTANY BRAUN	RESIDENTIAL	$832,000	150 ft
5125 DUPONT AVE S MINNEAPOLIS MN 55419	ZACHARY MADER & EMILY MADER	RESIDENTIAL	$821,000	168 ft
5109 DUPONT AVE S MINNEAPOLIS MN 55419	A F JENNINGS & C R JENNINGS	RESIDENTIAL	$710,200	174 ft

Property History

Most Recent Sale

Date198803

Price$162,600

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,213