3044 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824110080

Property Overview

Parcel ID0402824110080

Lot Size4,130 sq ft (0.095 ac)

Lot Dimensions (est.)83 ft wide × 50 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerPARADYGM PROPS/TWIN CITS LLC

Assessed Value$379,200

Land Value$132,000

Building Value$247,200

Annual Tax$7,173

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

1 permit on record since 2024 · $4K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$4K

GGR Restoration 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

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 width70 ft

Buildable depth10 ft

Area~1,574 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 1,574 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3040 COLFAX AVE S MINNEAPOLIS MN 55408	C KOONTZ & A HOFFMAN	RESIDENTIAL-TWO UNIT	$463,800	53 ft
1010 31ST ST W MINNEAPOLIS MN 55408	LORNA DOONE	RESIDENTIAL	$261,700	64 ft
3036 COLFAX AVE S MINNEAPOLIS MN 55408	CALVIN HAUER/CHANNING JAMES	RESIDENTIAL	$715,800	97 ft
1012 31ST ST W MINNEAPOLIS MN 55408	SAHARLA JAMA	RESIDENTIAL	$374,500	123 ft
916 31ST ST W MINNEAPOLIS MN 55408	LEVI S DOWNS JR	RESIDENTIAL	$559,500	141 ft
3032 COLFAX AVE S MINNEAPOLIS MN 55408	ELISE S ATKINSON	RESIDENTIAL	$553,600	142 ft
3100 COLFAX AVE S MINNEAPOLIS MN 55408	PN22 LLC	RESIDENTIAL-TWO UNIT	$481,100	143 ft
3041 DUPONT AVE S MINNEAPOLIS MN 55408	S D NAU & M W KOPPENBERG	RESIDENTIAL	$519,200	170 ft
3041 COLFAX AVE S MINNEAPOLIS MN 55408	MARK D HILLYER & JILL M BODE	RESIDENTIAL	$394,000	173 ft
3028 COLFAX AVE S MINNEAPOLIS MN 55408	SCOTT HARVEY MOSS	RESIDENTIAL	$447,200	187 ft

Property History

Most Recent Sale

Date200502

Price$335,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,173