3536 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 0402824410139

Property Overview

Parcel ID0402824410139

Lot Size5,417 sq ft (0.124 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerB ANDERSON & M SPENCE

Assessed Value$522,000

Land Value$186,000

Building Value$336,000

Annual Tax$8,158

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2014 · $121K total declared value · Most recent: May 2026 (res)

ResMay 2026Inspection

Hurlburt Heating & Plumbing

MiscMay 2025Final Inspection

$8K

SELA ROOFING AND REMODELING INC

RemodelSep 2024Closed

$29K

SUSSEL CORP

ResMay 2021Closed

Accurate Plumbing INC

ExistresMay 2021Closed

Edina Heating and Cooling 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~2,846 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 2,846 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
3534 COLFAX AVE S MINNEAPOLIS MN 55408	N E BAILEY ETAL	RESIDENTIAL	$325,000	42 ft
3540 COLFAX AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	42 ft
3528 COLFAX AVE S MINNEAPOLIS MN 55408	ALLEN G SELINSKI	RESIDENTIAL	$378,400	84 ft
3544 COLFAX AVE S MINNEAPOLIS MN 55408	D HOLZSCHUH & C LARSON	RESIDENTIAL	$436,400	84 ft
3524 COLFAX AVE S MINNEAPOLIS MN 55408	MARY A KANE & RICHARD D KANE	RESIDENTIAL	$424,000	126 ft
3550 COLFAX AVE S MINNEAPOLIS MN 55408	M R TAYLOR & B J DUFF	RESIDENTIAL	$564,300	126 ft
3537 DUPONT AVE S MINNEAPOLIS MN 55408	ZACHARY EINCK/ALISON BROOKS	RESIDENTIAL	$435,600	140 ft
3533 DUPONT AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	146 ft
3541 DUPONT AVE S MINNEAPOLIS MN 55408	S E SCHAFER & M E METZLER	RESIDENTIAL	$613,200	147 ft
3545 DUPONT AVE S MINNEAPOLIS MN 55408	HANNAH VIRANT	CONDOMINIUM	$197,000	164 ft

Property History

Most Recent Sale

Date202405

Price$515,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,158