3128 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824110140

Property Overview

Parcel ID0402824110140

Lot Size5,898 sq ft (0.135 ac)

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

Year Built1888

Property ClassRESIDENTIAL-TWO UNIT

OwnerGRANT ENGLISH/SHARON ULRICH

Assessed Value$448,300

Land Value$192,000

Building Value$256,300

Annual Tax$6,827

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 · $23K total declared value · Most recent: Jul 2024 (accessory)

AccessoryJul 2024Closed

$23K

GRANT S ENGLISH

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 depth88 ft

Area~3,177 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 3,177 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
3124 COLFAX AVE S MINNEAPOLIS MN 55408	DANIEL J JUOLA	RESIDENTIAL-TWO UNIT	$409,200	46 ft
3132 COLFAX AVE S MINNEAPOLIS MN 55408	LAWRENCE THOMAS	RESIDENTIAL	$452,100	46 ft
3136 COLFAX AVE S MINNEAPOLIS MN 55408	SCOTT D MERTH & LILA J BOLKE	RESIDENTIAL	$349,400	84 ft
3120 COLFAX AVE S MINNEAPOLIS MN 55408	JOEL A LOWRY	TRIPLEX	$545,100	92 ft
3140 COLFAX AVE S MINNEAPOLIS MN 55408	RYAN LEE SHAFFER	RESIDENTIAL	$384,600	115 ft
3116 COLFAX AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	138 ft
3129 DUPONT AVE S MINNEAPOLIS MN 55408	LAURA B VAN HOFWEGEN ET AL	RESIDENTIAL	$468,100	140 ft
3142 COLFAX AVE S MINNEAPOLIS MN 55408	A SPIELDOCH & B HUNTINGTON	RESIDENTIAL	$389,700	145 ft
3125 DUPONT AVE S MINNEAPOLIS MN 55408	K L MASSAD & M MASSAD JR	RESIDENTIAL	$506,100	147 ft
3135 DUPONT AVE S MINNEAPOLIS MN 55408	2437 DUPONT LLC/1932 EMERSON	APARTMENT	$1,430,000	155 ft

Property History

Most Recent Sale

Date202203

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,827