5556 COLFAX AVE S MINNEAPOLIS MN 55419

PID: 2102824110116

Property Overview

Parcel ID2102824110116

Lot Size6,738 sq ft (0.155 ac)

Lot Dimensions (est.)135 ft wide × 50 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerKYLE MEKEMSON & J MEKEMSON

Assessed Value$603,500

Land Value$197,000

Building Value$406,500

Annual Tax$9,669

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2005 · $137K total declared value · Most recent: May 2024 (existres)

ExistresMay 2024Expired

ST PAUL PLUMBING AND HEATING CO INC

MiscOct 2022Closed

$17K

Bold North Roofing and Contracting LLC

ResJun 2021Closed

HomeWorks Services LLC

ResFeb 2021Closed

Warners Stellian Co Inc

ResNov 2017Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Kenny · 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

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 width122 ft

Buildable depth10 ft

Area~3,506 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 3,506 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5552 COLFAX AVE S MINNEAPOLIS MN 55419	STEPHANIE RAE DILLE	RESIDENTIAL	$484,000	45 ft
5548 COLFAX AVE S MINNEAPOLIS MN 55419	M R FERMOYLE & M L STANISLAV	RESIDENTIAL	$436,800	85 ft
5600 COLFAX AVE S MINNEAPOLIS MN 55419	S HELMBRECHT-WILSON/C WILSON	RESIDENTIAL	$627,800	105 ft
5544 COLFAX AVE S MINNEAPOLIS MN 55419	JAMES E KEIFENHEIM ET AL	RESIDENTIAL	$376,200	125 ft
5557 DUPONT AVE S MINNEAPOLIS MN 55419	JEFFREY S BODINE	RESIDENTIAL	$272,000	137 ft
5553 DUPONT AVE S MINNEAPOLIS MN 55419	FRANK COMITO III	RESIDENTIAL	$299,900	144 ft
5604 COLFAX AVE S MINNEAPOLIS MN 55419	C N BROKERING/T A BROKERING	RESIDENTIAL	$446,400	155 ft
5549 DUPONT AVE S MINNEAPOLIS MN 55419	L G AIDE & T R WAIGHT	RESIDENTIAL	$338,300	162 ft
5540 COLFAX AVE S MINNEAPOLIS MN 55419	BRIDGET L JOHNSTON	RESIDENTIAL	$247,500	165 ft
5601 DUPONT AVE S MINNEAPOLIS MN 55419	G & D GWOST	RESIDENTIAL	$513,000	173 ft

Property History

Most Recent Sale

Date201506

Price$410,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,669