3637 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0402824440075

Property Overview

Parcel ID0402824440075

Lot Size5,420 sq ft (0.124 ac)

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

Year Built1908

Property ClassRESIDENTIAL

OwnerN KEBEDE & M KEBEDE

Assessed Value$427,000

Land Value$218,000

Building Value$209,000

Annual Tax$8,127

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $11K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscMay 2024Expired

$11K

CRAFTSMAN CONSTRUCTION SERVICES LLC

ExistresApr 2021Closed

Ray N Welter Heating Co

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
3641 COLFAX AVE S MINNEAPOLIS MN 55409	ERIK SATHER & TIFFANY SATHER	RESIDENTIAL	$381,300	42 ft
3633 COLFAX AVE S MINNEAPOLIS MN 55409	R J DEVET AND C DEVET	RESIDENTIAL	$440,900	42 ft
3645 COLFAX AVE S MINNEAPOLIS MN 55409	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	84 ft
3629 COLFAX AVE S MINNEAPOLIS MN 55409	KARI J PETERSEN	RESIDENTIAL-TWO UNIT	$506,100	84 ft
3649 COLFAX AVE S MINNEAPOLIS MN 55409	STELLA M JONES	RESIDENTIAL	$448,400	126 ft
3625 COLFAX AVE S MINNEAPOLIS MN 55409	DAVID C MCGUIRE	APARTMENT	$1,950,000	138 ft
3636 BRYANT AVE S MINNEAPOLIS MN 55409	LEAH RONNING SWAGGERT	RESIDENTIAL	$360,500	140 ft
3640 BRYANT AVE S MINNEAPOLIS MN 55409	JIABEI QIAN & JESSICA QIAN	RESIDENTIAL	$426,900	146 ft
3632 BRYANT AVE S MINNEAPOLIS MN 55409	CONNOR M O'MEARA REV TRUST	RESIDENTIAL-TWO UNIT	$412,800	147 ft
3644 BRYANT AVE S MINNEAPOLIS MN 55409	KELLY JEAN BEADLE	RESIDENTIAL	$416,000	163 ft

Property History

Most Recent Sale

Date202406

Price$385,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,127