3212 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824140052

Property Overview

Parcel ID0402824140052

Lot Size5,456 sq ft (0.125 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1908

Property ClassRESIDENTIAL-TWO UNIT

OwnerIGOR NAUMOVICH LIBERMAN

Assessed Value$589,900

Land Value$185,000

Building Value$404,900

Annual Tax$11,159

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $23K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

Aqualine Mechanical Inc

RemodelMay 2025Closed

$15K

GP CONSTRUCTION LLC

MiscJun 2023Closed

$8K

Midwest Building Exteriors Inc

ExistresMar 2022Closed

Midland HVAC LLC

ExistresMar 2021Closed

ST PAUL PLUMBING AND HEATING CO 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth90 ft

Area~2,872 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 2,872 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
3208 COLFAX AVE S MINNEAPOLIS MN 55408	B T HANSEN & M A KELL	RESIDENTIAL	$791,500	42 ft
3216 COLFAX AVE S MINNEAPOLIS MN 55408	D S FRANKOWSKI & M A SKEANS	RESIDENTIAL	$403,600	43 ft
3204 COLFAX AVE S MINNEAPOLIS MN 55408	PAUL HILLMAN	RESIDENTIAL-TWO UNIT	$555,200	85 ft
3220 COLFAX AVE S MINNEAPOLIS MN 55408	KATHERINE HARVEY ET AL	RESIDENTIAL	$345,600	85 ft
3224 COLFAX AVE S MINNEAPOLIS MN 55408	BENJAMIN CONNELLY ET AL	RESIDENTIAL	$385,000	127 ft
3200 COLFAX AVE S MINNEAPOLIS MN 55408	IVARS P & INESE R KRIEVANS	RESIDENTIAL-TWO UNIT	$563,200	128 ft
3213 DUPONT AVE S MINNEAPOLIS MN 55408	MARIAN J PLUMMER	RESIDENTIAL-TWO UNIT	$419,700	140 ft
1015 32ND ST W MINNEAPOLIS MN 55408	P R O'CONNOR & C L BLACKBURN	RESIDENTIAL-TWO UNIT	$543,200	144 ft
3217 DUPONT AVE S MINNEAPOLIS MN 55408	PROJECT MN INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$467,700	147 ft
3209 DUPONT AVE S MINNEAPOLIS MN 55408	PETER LOEFFLER	RESIDENTIAL-TWO UNIT	$559,300	150 ft

Property History

Most Recent Sale

Date202012

Price$590,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,159