3632 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0402824440052

Property Overview

Parcel ID0402824440052

Lot Size5,420 sq ft (0.124 ac)

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

Year Built2020

Property ClassTRIPLEX

OwnerTRADITION INVSTMNT PROPS LLC

Assessed Value$886,100

Land Value$218,000

Building Value$668,100

Annual Tax$16,827

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

1 permit on record since 2020 · Most recent: Jul 2020 (comnofdbv)

ComnofdbvJul 2020Closed

Air Mechanical Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width32 ft

Buildable depth89 ft

Area~2,848 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 2,848 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3636 COLFAX AVE S MINNEAPOLIS MN 55409	A R BAUM & R S SHIMPACH	RESIDENTIAL	$537,200	42 ft
3624 COLFAX AVE S MINNEAPOLIS MN 55409	3624 COLFAX AVE S 101 LLC	CONDOMINIUM	$194,000	63 ft
3624 COLFAX AVE S MINNEAPOLIS MN 55409	ARTHUR LEE ANDERSON	CONDOMINIUM	$194,000	63 ft
3624 COLFAX AVE S MINNEAPOLIS MN 55409	RJT PROPERTIES LLC	CONDOMINIUM	$195,000	63 ft
3624 COLFAX AVE S MINNEAPOLIS MN 55409	WHITE BIRCH PROP & DEVEL LLC	CONDOMINIUM	$195,000	63 ft
MN	Unknown	—	—	63 ft
3640 COLFAX AVE S MINNEAPOLIS MN 55409	SAMUEL PLUMMER	RESIDENTIAL-TWO UNIT	$456,100	84 ft
3644 COLFAX AVE S MINNEAPOLIS MN 55409	CHRIS G SEIDL & BRENDA SEIDL	RESIDENTIAL-TWO UNIT	$577,700	126 ft
3620 COLFAX AVE S MINNEAPOLIS MN 55409	SHANE ROHMAN	RESIDENTIAL-TWO UNIT	$493,500	129 ft
3633 DUPONT AVE S MINNEAPOLIS MN 55409	C PLANTING & J PLANTING	RESIDENTIAL	$391,100	140 ft

Property History

Most Recent Sale

Date201910

Price$202,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$16,827