1814 COLFAX AVE S MINNEAPOLIS MN 55403

PID: 2802924440066

Property Overview

Parcel ID2802924440066

Lot Size6,735 sq ft (0.155 ac)

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

Year Built1928

Property ClassRESIDENTIAL-TWO UNIT

OwnerRICHARD R YUNGER

Assessed Value$677,800

Land Value$259,000

Building Value$418,800

Annual Tax$11,075

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2019 · Most recent: Mar 2026 (existres)

ExistresMar 2026Inspection

Blue Ox Heating and Air LLC

ComnofdbvOct 2019Closed

BURNOMATIC

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

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

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 width40 ft

Buildable depth95 ft

Area~944 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 944 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1806 COLFAX AVE S MINNEAPOLIS MN 55403	EDWARD C WINTHROP TRUSTEE	RESIDENTIAL	$1,200,000	50 ft
1816 COLFAX AVE S MINNEAPOLIS MN 55403	L SWITZENBERG & T OBERG	TRIPLEX	$735,900	50 ft
1820 COLFAX AVE S MINNEAPOLIS MN 55403	VERNA H HINCK ET AL	RESIDENTIAL-TWO UNIT	$680,000	100 ft
1802 COLFAX AVE S MINNEAPOLIS MN 55403	M J ROSENMAN & K S ROSENMAN	RESIDENTIAL	$1,166,000	125 ft
1813 DUPONT AVE S MINNEAPOLIS MN 55403	MEGHAN LEIGH MERCURY	RESIDENTIAL	$892,100	135 ft
1819 DUPONT AVE S MINNEAPOLIS MN 55403	WILLIAM A BAUDLER	RESIDENTIAL-TWO UNIT	$781,200	140 ft
1807 DUPONT AVE S MINNEAPOLIS MN 55403	G S FRANCOIS REV TR ET AL	TRIPLEX	$1,233,200	152 ft
1821 DUPONT AVE S MINNEAPOLIS MN 55403	B B JOHNSON & D W JOHNSON	RESIDENTIAL-TWO UNIT	$655,500	165 ft
1801 DUPONT AVE S MINNEAPOLIS MN 55403	L A MOREL & P J MOREL	RESIDENTIAL	$1,432,000	194 ft
1811 COLFAX AVE S MINNEAPOLIS MN 55403	CHARLES & CHIKA CHAN	RESIDENTIAL	$727,800	197 ft

Property History

Current Tax Year

Year2026

Tax Due$11,075