3252 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824140069

Property Overview

Parcel ID0402824140069

Lot Size3,313 sq ft (0.076 ac)

Lot Dimensions (est.)78 ft wide × 42 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerBLAKE LATHROP & SARA LATHROP

Assessed Value$280,300

Land Value$142,000

Building Value$138,300

Annual Tax$4,025

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $44K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$44K

Clear Cut Xteriors LLC

ExistresMar 2019Closed

UPTOWN PLUMBING HEATING AND COOLING

ResDec 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

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 width65 ft

Buildable depth2 ft

Area~1,120 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 sfr / adu benchmarks for 1,120 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3248 COLFAX AVE S MINNEAPOLIS MN 55408	S S ZIONTS & K R SPRINGSTEEN	RESIDENTIAL	$450,900	49 ft
1010 33RD ST W MINNEAPOLIS MN 55408	CHRISTOPHER LAABS	RESIDENTIAL	$347,800	64 ft
3244 COLFAX AVE S MINNEAPOLIS MN 55408	A S MEYERS & H E HOLMES	RESIDENTIAL	$385,000	88 ft
3300 COLFAX AVE S MINNEAPOLIS MN 55408	REARDON PROPERTIES LLC	APARTMENT	$1,651,000	121 ft
3240 COLFAX AVE S MINNEAPOLIS MN 55408	THOMAS C CARROLL	RESIDENTIAL	$390,000	130 ft
3253 COLFAX AVE S MINNEAPOLIS MN 55408	MOLLY BILLION/ANDREW MILLER	RESIDENTIAL	$534,000	163 ft
3253 DUPONT AVE S MINNEAPOLIS MN 55408	GORDON VERMEER/SARAH VERMEER	RESIDENTIAL	$483,400	166 ft
3249 COLFAX AVE S MINNEAPOLIS MN 55408	D A PETERSON & S HAGLER	RESIDENTIAL	$430,400	169 ft
1015 33RD ST W MINNEAPOLIS MN 55408	DUSTIN AUSTIN	RESIDENTIAL	$484,100	170 ft
3236 COLFAX AVE S MINNEAPOLIS MN 55408	BORDERLAND AND CO LLC	RESIDENTIAL-TWO UNIT	$735,500	171 ft

Property History

Most Recent Sale

Date201810

Price$271,800

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,025