3016 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824110091

Property Overview

Parcel ID0402824110091

Lot Size5,918 sq ft (0.136 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerPETER LEUGERS

Assessed Value$472,300

Land Value$181,000

Building Value$291,300

Annual Tax$8,935

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · Most recent: Feb 2021 (existres)

ExistresFeb 2021Closed

Airic's Heating & Air Conditioning Inc

ResJul 2020Closed

BWS Heating and Air Conditioning LLC

ExistresMar 2020Closed

CENTERPOINT ENERGY

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
3012 COLFAX AVE S MINNEAPOLIS MN 55408	BOERGE JOHAN SVAEREN	RESIDENTIAL	$361,900	46 ft
3020 COLFAX AVE S MINNEAPOLIS MN 55408	S T HOLLAND & S L JOHNSON	RESIDENTIAL-TWO UNIT	$461,000	46 ft
3024 COLFAX AVE S MINNEAPOLIS MN 55408	MATTHEW J SELCHOW	TRIPLEX	$592,800	92 ft
3008 COLFAX AVE S MINNEAPOLIS MN 55408	M STEICHEN & M SOMMERHAUSE	RESIDENTIAL	$389,500	92 ft
3028 COLFAX AVE S MINNEAPOLIS MN 55408	SCOTT HARVEY MOSS	RESIDENTIAL	$447,200	138 ft
3017 DUPONT AVE S MINNEAPOLIS MN 55408	C G KAMPSCHROER & D M LAWSON	RESIDENTIAL	$341,300	140 ft
3023 DUPONT AVE S MINNEAPOLIS MN 55408	PAUL T POTEMRA	RESIDENTIAL-TWO UNIT	$678,800	148 ft
3015 DUPONT AVE S MINNEAPOLIS MN 55408	ROBERT BANGASSER	RESIDENTIAL-TWO UNIT	$514,300	148 ft
1001 LAKE ST W MINNEAPOLIS MN 55408	UPTOWN RETAIL PARTNERS LLC	COMMERCIAL-PREFERRED	$1,392,000	161 ft
3025 DUPONT AVE S MINNEAPOLIS MN 55408	BETHESDA LEASING LLC	RESIDENTIAL-TWO UNIT	$408,300	169 ft

Property History

Most Recent Sale

Date199203

Price$111,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,935