3439 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824410064

Property Overview

Parcel ID0402824410064

Lot Size5,414 sq ft (0.124 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerD L SHULMAN / M R SHULMAN

Assessed Value$589,600

Land Value$186,000

Building Value$403,600

Annual Tax$11,153

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $37K total declared value · Most recent: Dec 2024 (misc)

MiscDec 2024Closed

$25K

KAUFMAN SHEET METAL ROOFING INC

ExistresMay 2023Closed

Rascher Plumbing and Heating Inc

ResNov 2022Closed

SODERLIN PLUMBING HEATING AND AIR

MiscJun 2020Closed

$12K

STEPHEN P DONNELLY 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 rent1,188/mo

Renter-occupied69.2%

Median home value$289K

Vacancy rate4.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1092

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 depth89 ft

Area~2,844 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 2,844 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
3443 COLFAX AVE S MINNEAPOLIS MN 55408	S CLOYD & L B CLOYD	APARTMENT	$627,000	42 ft
3447 COLFAX AVE S MINNEAPOLIS MN 55408	REARDON PROPERTIES L P	APARTMENT	$818,000	84 ft
3433 COLFAX AVE S MINNEAPOLIS MN 55408	COLFAX APARTMENTS LLC	APARTMENT	$3,708,000	84 ft
3453 COLFAX AVE S MINNEAPOLIS MN 55408	ALAN WIGGS	RESIDENTIAL-TWO UNIT	$563,200	126 ft
3442 BRYANT AVE S MINNEAPOLIS MN 55408	ALEC JAMES ASPIN	RESIDENTIAL	$469,000	140 ft
3444 BRYANT AVE S MINNEAPOLIS MN 55408	S IYENGAR/S R IYENGAR ET AL	RESIDENTIAL	$419,000	146 ft
3436 BRYANT AVE S MINNEAPOLIS MN 55408	LISA K JOHNSON	RESIDENTIAL	$315,000	147 ft
3432 BRYANT AVE S MINNEAPOLIS MN 55408	SIXTY SIX APARTMENTS LLC	APARTMENT	$756,000	164 ft
3448 BRYANT AVE S MINNEAPOLIS MN 55408	MELISSA B LINDE & M A WILSON	RESIDENTIAL	$455,700	164 ft
3440 COLFAX AVE S MINNEAPOLIS MN 55408	ROBERT W ZALAZNIK	APARTMENT	$787,000	188 ft

Property History

Most Recent Sale

Date202506

Price$580,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,153