3300 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824140157

Property Overview

Parcel ID0402824140157

Lot Size9,428 sq ft (0.216 ac)

Lot Dimensions (est.)129 ft wide × 73 ft deep

Year Built1960

Property ClassAPARTMENT

OwnerREARDON PROPERTIES LLC

Assessed Value$1,651,000

Land Value$165,900

Building Value$1,006,400

Annual Tax$24,116

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 depth33 ft

Area~5,343 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 5,343 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3308 COLFAX AVE S MINNEAPOLIS MN 55408	CAROL J ROTH ETAL	RESIDENTIAL-TWO UNIT	$549,800	57 ft
3312 COLFAX AVE S MINNEAPOLIS MN 55408	BRENT GENSLER/MARNIE GENSLER	TRIPLEX	$635,400	97 ft
1015 33RD ST W MINNEAPOLIS MN 55408	DUSTIN AUSTIN	RESIDENTIAL	$484,100	97 ft
3252 COLFAX AVE S MINNEAPOLIS MN 55408	BLAKE LATHROP & SARA LATHROP	RESIDENTIAL	$280,300	121 ft
1010 33RD ST W MINNEAPOLIS MN 55408	CHRISTOPHER LAABS	RESIDENTIAL	$347,800	124 ft
3316 COLFAX AVE S MINNEAPOLIS MN 55408	S RZESZOWSKI & T SPENCE-SING	RESIDENTIAL	$439,200	137 ft
3309 DUPONT AVE S MINNEAPOLIS MN 55408	KAJ POULSEN	RESIDENTIAL	$367,200	152 ft
3248 COLFAX AVE S MINNEAPOLIS MN 55408	S S ZIONTS & K R SPRINGSTEEN	RESIDENTIAL	$450,900	160 ft
3301 DUPONT AVE S MINNEAPOLIS MN 55408	JESS O LUCE	RESIDENTIAL-TWO UNIT	$454,000	161 ft
3315 DUPONT AVE S MINNEAPOLIS MN 55408	ERIK D SETTERHOLM	RESIDENTIAL	$698,400	171 ft

Property History

Most Recent Sale

Date200410

Price$970,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$24,116