3351 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824140188

Property Overview

Parcel ID0402824140188

Lot Size2,955 sq ft (0.068 ac)

Lot Dimensions (est.)74 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerBARBARA MARY DAY

Assessed Value$385,200

Land Value$133,000

Building Value$252,200

Annual Tax$5,774

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $10K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Expired

$10K

MSP Exteriors Inc

ResJul 2023Expired

Urban Pine Plumbing and Mechanical Inc

ResJul 2018Closed

Linn Star Transfer 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 width61 ft

Buildable depth0 ft

Area~913 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 913 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3345 COLFAX AVE S MINNEAPOLIS MN 55408	JOSEPH SCHIFSKY	CONDOMINIUM	$228,000	49 ft
3345 COLFAX AVE S MINNEAPOLIS MN 55408	ALEXANDER D ASKEW	CONDOMINIUM	$225,000	49 ft
3345 COLFAX AVE S MINNEAPOLIS MN 55408	WENDY KATHLEEN CHARLES	CONDOMINIUM	$222,000	49 ft
3345 COLFAX AVE S MINNEAPOLIS MN 55408	RACHEL KAYLA	CONDOMINIUM	$224,000	49 ft
3345 COLFAX AVE S MINNEAPOLIS MN 55408	ELIAS L BOECKER	CONDOMINIUM	$224,000	49 ft
MN	Unknown	—	—	49 ft
916 34TH ST W MINNEAPOLIS MN 55408	TROY J STEINHAUS	RESIDENTIAL	$291,000	64 ft
3341 COLFAX AVE S MINNEAPOLIS MN 55408	WHEELER HOLDING COMPANY LLC	RESIDENTIAL-TWO UNIT	$491,800	85 ft
3344 COLFAX AVE S MINNEAPOLIS MN 55408	T CARLSON/S CARLSON JT RV TR	RESIDENTIAL	$220,200	137 ft
3350 COLFAX AVE S MINNEAPOLIS MN 55408	NOKOMIS COLFAX LLC	APARTMENT	$653,000	138 ft

Property History

Most Recent Sale

Date199310

Price$87,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,774