3148 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824140001

Property Overview

Parcel ID0402824140001

Lot Size5,898 sq ft (0.135 ac)

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

Year Built1904

Property ClassRESIDENTIAL

OwnerDOUGLAS J PRYCE

Assessed Value$522,000

Land Value$192,000

Building Value$330,000

Annual Tax$8,127

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

No permits found in Minneapolis open data for this parcel.

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 width116 ft

Buildable depth6 ft

Area~2,911 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 2,911 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3144 COLFAX AVE S MINNEAPOLIS MN 55408	L C GENSHEIMER/T M SARACINO	RESIDENTIAL	$556,000	46 ft
3142 COLFAX AVE S MINNEAPOLIS MN 55408	A SPIELDOCH & B HUNTINGTON	RESIDENTIAL	$389,700	84 ft
3140 COLFAX AVE S MINNEAPOLIS MN 55408	RYAN LEE SHAFFER	RESIDENTIAL	$384,600	115 ft
3200 COLFAX AVE S MINNEAPOLIS MN 55408	IVARS P & INESE R KRIEVANS	RESIDENTIAL-TWO UNIT	$563,200	124 ft
3149 DUPONT AVE S MINNEAPOLIS MN 55408	KEVIN NORMAN & GINA NORMAN	RESIDENTIAL	$643,500	140 ft
3136 COLFAX AVE S MINNEAPOLIS MN 55408	SCOTT D MERTH & LILA J BOLKE	RESIDENTIAL	$349,400	145 ft
3145 DUPONT AVE S MINNEAPOLIS MN 55408	MARIAN J PLUMMER	RESIDENTIAL-TWO UNIT	$452,900	147 ft
3149 COLFAX AVE S MINNEAPOLIS MN 55408	D SCHMIDT & R SCHMIDT	RESIDENTIAL	$401,400	164 ft
3204 COLFAX AVE S MINNEAPOLIS MN 55408	PAUL HILLMAN	RESIDENTIAL-TWO UNIT	$555,200	167 ft
3139 DUPONT AVE S MINNEAPOLIS MN 55408	MARIAN J PLUMMER	RESIDENTIAL-TWO UNIT	$591,800	169 ft

Property History

Most Recent Sale

Date200109

Price$330,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,127