3025 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824110073

Property Overview

Parcel ID0402824110073

Lot Size5,918 sq ft (0.136 ac)

Lot Dimensions (est.)129 ft wide × 46 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerCOLIN A HARRIS/JANE S HARRIS

Assessed Value$512,100

Land Value$181,000

Building Value$331,100

Annual Tax$7,931

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

11 permits on record since 2018 · $182K total declared value · Most recent: Dec 2024 (remodel)

RemodelDec 2024Closed

$20K

Jane Harris

ExistresOct 2022Closed

Jane Harris

ResAug 2022Closed

Jane Harris

ExistresAug 2022Closed

Jim Beck Mechanical LLC

RemodelApr 2022Closed

$120K

Jane Harris

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

Neighborhood Profile

South Uptown · Minneapolis

Median reported rent1,449/mo

Renter-occupied73.2%

Median home value$398K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 81

Market Snapshot

Zip code 55408

Median sale price$345K-0.6% YoY

Median price / sqft$218/sqft

Median days to close44 days

Active listings97

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width36 ft

Buildable depth89 ft

Area~3,190 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 3,190 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3021 COLFAX AVE S MINNEAPOLIS MN 55408	D M ANTONSON & J E HAMILTON	RESIDENTIAL	$500,900	46 ft
3029 COLFAX AVE S MINNEAPOLIS MN 55408	ELIZABETH L ROEDER	RESIDENTIAL	$352,000	46 ft
3017 COLFAX AVE S MINNEAPOLIS MN 55408	ROBERT S RAIKE	RESIDENTIAL	$418,600	92 ft
3033 COLFAX AVE S MINNEAPOLIS MN 55408	N OUSTLANT & E A ROGERS	RESIDENTIAL	$388,900	92 ft
3015 COLFAX AVE S MINNEAPOLIS MN 55408	JOSEPH KANTER	RESIDENTIAL	$579,100	138 ft
3039 COLFAX AVE S MINNEAPOLIS MN 55408	EMILY SCHWABACHER ET AL	RESIDENTIAL	$614,600	138 ft
3024 BRYANT AVE S MINNEAPOLIS MN 55408	JONATHAN J KALSCHEUR	RESIDENTIAL-TWO UNIT	$468,100	140 ft
3020 BRYANT AVE S MINNEAPOLIS MN 55408	RICK A GREISER	APARTMENT	$653,000	148 ft
3028 BRYANT AVE S MINNEAPOLIS MN 55408	EVAN TOBIN	RESIDENTIAL	$476,600	148 ft
3032 BRYANT AVE S MINNEAPOLIS MN 55408	DENNIS PATROW	RESIDENTIAL	$353,300	167 ft

Property History

Most Recent Sale

Date201407

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,931