3032 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824110076

Property Overview

Parcel ID0402824110076

Lot Size5,918 sq ft (0.136 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerELISE S ATKINSON

Assessed Value$553,600

Land Value$181,000

Building Value$372,600

Annual Tax$8,725

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

6 permits on record since 2018 · $69K total declared value · Most recent: Dec 2019 (res)

ResDec 2019Closed

Carlson Plumbing Inc

ExistresDec 2019Closed

Supreme Heating and Air Conditioning LLC

ResNov 2019Closed

Air It Indoor Comfort LLC

ResNov 2019Closed

Carlson Plumbing Inc

AdditionSep 2019Closed

$68K

I SITE DEV LLC

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$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

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~3,191 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 3,191 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
3028 COLFAX AVE S MINNEAPOLIS MN 55408	SCOTT HARVEY MOSS	RESIDENTIAL	$447,200	46 ft
3036 COLFAX AVE S MINNEAPOLIS MN 55408	CALVIN HAUER/CHANNING JAMES	RESIDENTIAL	$715,800	46 ft
3024 COLFAX AVE S MINNEAPOLIS MN 55408	MATTHEW J SELCHOW	TRIPLEX	$592,800	92 ft
3040 COLFAX AVE S MINNEAPOLIS MN 55408	C KOONTZ & A HOFFMAN	RESIDENTIAL-TWO UNIT	$463,800	92 ft
3020 COLFAX AVE S MINNEAPOLIS MN 55408	S T HOLLAND & S L JOHNSON	RESIDENTIAL-TWO UNIT	$461,000	138 ft
3033 DUPONT AVE S MINNEAPOLIS MN 55408	NICHOLAS C GERBER	RESIDENTIAL	$441,400	140 ft
3044 COLFAX AVE S MINNEAPOLIS MN 55408	PARADYGM PROPS/TWIN CITS LLC	RESIDENTIAL-TWO UNIT	$379,200	142 ft
1010 31ST ST W MINNEAPOLIS MN 55408	LORNA DOONE	RESIDENTIAL	$261,700	146 ft
3029 DUPONT AVE S MINNEAPOLIS MN 55408	GABRIEL ELKIND	RESIDENTIAL-TWO UNIT	$413,500	147 ft
3037 DUPONT AVE S MINNEAPOLIS MN 55408	HEIDI J NAU	RESIDENTIAL	$442,200	148 ft

Property History

Most Recent Sale

Date201106

Price$366,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,725