3725 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0402824440127

Property Overview

Parcel ID0402824440127

Lot Size5,352 sq ft (0.123 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerLESLIE GRISANTI & J JOHNSON

Assessed Value$484,900

Land Value$215,000

Building Value$269,900

Annual Tax$7,507

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2013 · $363K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

ExistresApr 2023Closed

Pronto Heating & Air Conditioning Inc

MiscApr 2022Closed

$13K

Universal Windows Direct Twin Cities

NewresJul 2017Closed

$6K

Sayler Heating & Air Conditioning Inc

ResJun 2017Closed

Servin Plumbing and Heating LLC

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 depth87 ft

Area~2,801 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 2,801 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
3721 COLFAX AVE S MINNEAPOLIS MN 55409	STEVEN A FRANKEL REV TRUST	RESIDENTIAL	$393,100	42 ft
3729 COLFAX AVE S MINNEAPOLIS MN 55409	JOHN D DUBOIS	RESIDENTIAL	$461,200	42 ft
3733 COLFAX AVE S MINNEAPOLIS MN 55409	CURT FIEDLER	RESIDENTIAL	$616,600	85 ft
3717 COLFAX AVE S MINNEAPOLIS MN 55409	DANIEL J WOYCHICK LIVING TR	RESIDENTIAL	$489,000	88 ft
3737 COLFAX AVE S MINNEAPOLIS MN 55409	ANN C O'FALLON	RESIDENTIAL	$454,600	127 ft
3715 COLFAX AVE S MINNEAPOLIS MN 55409	JOSEPH P WINEMAN	RESIDENTIAL	$312,400	131 ft
3724 BRYANT AVE S MINNEAPOLIS MN 55409	JAMES KELLEY	RESIDENTIAL	$328,300	140 ft
3728 BRYANT AVE S MINNEAPOLIS MN 55409	LOGAN GUDMUNDSON	RESIDENTIAL	$412,200	147 ft
3718 BRYANT AVE S MINNEAPOLIS MN 55409	THURE PROPERTIES LLC	APARTMENT	$1,608,000	155 ft
3732 BRYANT AVE S MINNEAPOLIS MN 55409	DAN JODARSKI & LEAH FLAKE	RESIDENTIAL	$530,500	164 ft

Property History

Most Recent Sale

Date201302

Price$234,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,507