3724 COLFAX AVE S MINNEAPOLIS MN 55409

PID: 0402824440141

Property Overview

Parcel ID0402824440141

Lot Size5,487 sq ft (0.126 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerLUCY D GRANTZ

Assessed Value$500,700

Land Value$218,000

Building Value$282,700

Annual Tax$7,730

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $31K total declared value · Most recent: Apr 2026 (remodel)

RemodelApr 2026Inspection

$8K

ALL ENERGY SOLAR INC

RemodelDec 2025Inspection

$5K

ALL ENERGY SOLAR INC

MiscSep 2024Final Inspection

$18K

WATERSTONE CONSTRUCTION INC

ExistresDec 2022Closed

Standard Heating and Air Conditioning Inc

ExistresMay 2022Closed

Pronto Heating & Air Conditioning 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 width33 ft

Buildable depth88 ft

Area~2,894 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 2,894 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
3728 COLFAX AVE S MINNEAPOLIS MN 55409	AMANDA E FARRIS	RESIDENTIAL	$316,700	42 ft
3720 COLFAX AVE S MINNEAPOLIS MN 55409	FRANZISKA B DRECHSLER	RESIDENTIAL-TWO UNIT	$453,200	43 ft
3716 COLFAX AVE S MINNEAPOLIS MN 55409	LISA A DUVICK	RESIDENTIAL	$451,500	85 ft
3732 COLFAX AVE S MINNEAPOLIS MN 55409	DOROTHY D ACKERMAN	RESIDENTIAL	$409,200	85 ft
3712 COLFAX AVE S MINNEAPOLIS MN 55409	PHILIP C LILJA	RESIDENTIAL-TWO UNIT	$559,800	128 ft
3736 COLFAX AVE S MINNEAPOLIS MN 55409	A PAVAN & P G PAVAN	RESIDENTIAL	$579,800	128 ft
3725 DUPONT AVE S MINNEAPOLIS MN 55409	PAMELA R BAKER	RESIDENTIAL	$415,000	141 ft
3729 DUPONT AVE S MINNEAPOLIS MN 55409	IRINA A SHAVLIK/PAVAN VASDEV	RESIDENTIAL-TWO UNIT	$909,000	147 ft
3717 DUPONT AVE S MINNEAPOLIS MN 55409	MARK A JOHNSON	RESIDENTIAL	$434,000	159 ft
3733 DUPONT AVE S MINNEAPOLIS MN 55409	EKJ MANAGEMENT LLC	RESIDENTIAL	$412,200	164 ft

Property History

Most Recent Sale

Date201007

Price$423,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,730