3142 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824110145

Property Overview

Parcel ID0402824110145

Lot Size3,932 sq ft (0.090 ac)

Lot Dimensions (est.)129 ft wide × 31 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerA SPIELDOCH & B HUNTINGTON

Assessed Value$389,700

Land Value$155,000

Building Value$234,700

Annual Tax$6,010

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

2 permits on record since 2017 · $41K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$35K

Premier Roofing Inc

MiscAug 2017Closed

$6K

PRIME HOME CONSTRUCTION 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 width21 ft

Buildable depth87 ft

Area~1,823 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 1,823 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3140 COLFAX AVE S MINNEAPOLIS MN 55408	RYAN LEE SHAFFER	RESIDENTIAL	$384,600	31 ft
3144 COLFAX AVE S MINNEAPOLIS MN 55408	L C GENSHEIMER/T M SARACINO	RESIDENTIAL	$556,000	38 ft
3136 COLFAX AVE S MINNEAPOLIS MN 55408	SCOTT D MERTH & LILA J BOLKE	RESIDENTIAL	$349,400	61 ft
3148 COLFAX AVE S MINNEAPOLIS MN 55408	DOUGLAS J PRYCE	RESIDENTIAL	$522,000	84 ft
3132 COLFAX AVE S MINNEAPOLIS MN 55408	LAWRENCE THOMAS	RESIDENTIAL	$452,100	100 ft
3139 DUPONT AVE S MINNEAPOLIS MN 55408	MARIAN J PLUMMER	RESIDENTIAL-TWO UNIT	$591,800	141 ft
3128 COLFAX AVE S MINNEAPOLIS MN 55408	GRANT ENGLISH/SHARON ULRICH	RESIDENTIAL-TWO UNIT	$448,300	145 ft
3145 DUPONT AVE S MINNEAPOLIS MN 55408	MARIAN J PLUMMER	RESIDENTIAL-TWO UNIT	$452,900	146 ft
3135 DUPONT AVE S MINNEAPOLIS MN 55408	2437 DUPONT LLC/1932 EMERSON	APARTMENT	$1,430,000	162 ft
3149 DUPONT AVE S MINNEAPOLIS MN 55408	KEVIN NORMAN & GINA NORMAN	RESIDENTIAL	$643,500	164 ft

Property History

Most Recent Sale

Date200702

Price$330,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,010