3040 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824110078· 1 field stubbed (see below)

Property Overview

Parcel ID0402824110078

Lot Size5,918 sq ft (0.136 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerC KOONTZ & A HOFFMAN

Assessed Value$463,800

Land Value$181,000

Building Value$282,800

Annual Tax$7,333

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Most Recent Sale

Date202009

Price$497,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,333

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3036 COLFAX AVE S MINNEAPOLIS MN 55408	CALVIN HAUER/CHANNING JAMES	RESIDENTIAL	$715,800	46 ft
3044 COLFAX AVE S MINNEAPOLIS MN 55408	PARADYGM PROPS/TWIN CITS LLC	RESIDENTIAL-TWO UNIT	$379,200	53 ft
1010 31ST ST W MINNEAPOLIS MN 55408	LORNA DOONE	RESIDENTIAL	$261,700	63 ft
3032 COLFAX AVE S MINNEAPOLIS MN 55408	ELISE S ATKINSON	RESIDENTIAL	$553,600	92 ft
1012 31ST ST W MINNEAPOLIS MN 55408	SAHARLA JAMA	RESIDENTIAL	$374,500	111 ft
3028 COLFAX AVE S MINNEAPOLIS MN 55408	SCOTT HARVEY MOSS	RESIDENTIAL	$447,200	138 ft
3041 DUPONT AVE S MINNEAPOLIS MN 55408	S D NAU & M W KOPPENBERG	RESIDENTIAL	$519,200	140 ft
3037 DUPONT AVE S MINNEAPOLIS MN 55408	HEIDI J NAU	RESIDENTIAL	$442,200	147 ft
3033 DUPONT AVE S MINNEAPOLIS MN 55408	NICHOLAS C GERBER	RESIDENTIAL	$441,400	167 ft
916 31ST ST W MINNEAPOLIS MN 55408	LEVI S DOWNS JR	RESIDENTIAL	$559,500	171 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.