3625 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0402824440030

Property Overview

Parcel ID0402824440030

Lot Size8,254 sq ft (0.189 ac)

Lot Dimensions (est.)129 ft wide × 64 ft deep

Year Built1926

Property ClassAPARTMENT

OwnerDAVID C MCGUIRE

Assessed Value$1,950,000

Land Value$206,500

Building Value$1,743,500

Annual Tax$37,032

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

East Harriet · 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 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 width54 ft

Buildable depth89 ft

Area~4,801 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 4,801 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
3629 COLFAX AVE S MINNEAPOLIS MN 55409	KARI J PETERSEN	RESIDENTIAL-TWO UNIT	$506,100	53 ft
3619 COLFAX AVE S MINNEAPOLIS MN 55409	SELA INVSMNTS-COLFAX VILLAS	APARTMENT	$2,000,000	63 ft
3633 COLFAX AVE S MINNEAPOLIS MN 55409	R J DEVET AND C DEVET	RESIDENTIAL	$440,900	95 ft
3611 COLFAX AVE S MINNEAPOLIS MN 55409	SELA INVSTMNTS-COLFAX VILLAS	APARTMENT	$2,100,000	131 ft
3637 COLFAX AVE S MINNEAPOLIS MN 55409	N KEBEDE & M KEBEDE	RESIDENTIAL	$427,000	138 ft
3624 BRYANT AVE S MINNEAPOLIS MN 55409	JEAN ROSS	RESIDENTIAL	$407,000	141 ft
3620 BRYANT AVE S MINNEAPOLIS MN 55409	ANTHONY OTIS & CARA LAURENCE	RESIDENTIAL-TWO UNIT	$550,400	144 ft
3628 BRYANT AVE S MINNEAPOLIS MN 55409	3628 BRYANT AVENUE SOUTH LLC	RESIDENTIAL	$378,800	150 ft
3616 BRYANT AVE S MINNEAPOLIS MN 55409	36 BRYANT LLC	APARTMENT	$3,446,300	158 ft
3632 BRYANT AVE S MINNEAPOLIS MN 55409	CONNOR M O'MEARA REV TRUST	RESIDENTIAL-TWO UNIT	$412,800	169 ft

Property History

Current Tax Year

Year2026

Tax Due$37,032