3200 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824140049

Property Overview

Parcel ID0402824140049

Lot Size5,570 sq ft (0.128 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built1910

Property ClassRESIDENTIAL-TWO UNIT

OwnerIVARS P & INESE R KRIEVANS

Assessed Value$563,200

Land Value$187,000

Building Value$376,200

Annual Tax$8,906

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · $8K total declared value · Most recent: May 2026 (existres)

ExistresMay 2026Inspection

Erickson Plumbing Heating Cooling Inc

MiscAug 2019Closed

$8K

SELA ROOFING AND REMODELING INC

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 width116 ft

Buildable depth3 ft

Area~2,685 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 2,685 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3204 COLFAX AVE S MINNEAPOLIS MN 55408	PAUL HILLMAN	RESIDENTIAL-TWO UNIT	$555,200	43 ft
3208 COLFAX AVE S MINNEAPOLIS MN 55408	B T HANSEN & M A KELL	RESIDENTIAL	$791,500	85 ft
1015 32ND ST W MINNEAPOLIS MN 55408	P R O'CONNOR & C L BLACKBURN	RESIDENTIAL-TWO UNIT	$543,200	105 ft
3148 COLFAX AVE S MINNEAPOLIS MN 55408	DOUGLAS J PRYCE	RESIDENTIAL	$522,000	124 ft
3212 COLFAX AVE S MINNEAPOLIS MN 55408	IGOR NAUMOVICH LIBERMAN	RESIDENTIAL-TWO UNIT	$589,900	128 ft
3201 COLFAX AVE S MINNEAPOLIS MN 55408	CHAD WILLOW	RESIDENTIAL-TWO UNIT	$512,800	169 ft
3209 DUPONT AVE S MINNEAPOLIS MN 55408	PETER LOEFFLER	RESIDENTIAL-TWO UNIT	$559,300	169 ft
3203 DUPONT AVE S MINNEAPOLIS MN 55408	TIMOTHY DANIEL CALLIES	RESIDENTIAL	$374,200	169 ft
3144 COLFAX AVE S MINNEAPOLIS MN 55408	L C GENSHEIMER/T M SARACINO	RESIDENTIAL	$556,000	170 ft
3216 COLFAX AVE S MINNEAPOLIS MN 55408	D S FRANKOWSKI & M A SKEANS	RESIDENTIAL	$403,600	170 ft

Property History

Most Recent Sale

Date198907

Price$115,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,906