1801 COLFAX AVE S MINNEAPOLIS MN 55403

PID: 2802924440032

Property Overview

Parcel ID2802924440032

Lot Size8,084 sq ft (0.186 ac)

Lot Dimensions (est.)135 ft wide × 60 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerCOLFAX PROPERTY LAND TRUST

Assessed Value$1,156,000

Land Value$259,000

Building Value$897,000

Annual Tax$20,198

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

7 permits on record since 2022 · $155K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Inspection

Norblom Plumbing Co

ResJan 2026Final Inspection

Norblom Plumbing Co

RemodelNov 2025Inspection

$100K

Amy S Arbetter

ExistresDec 2024Expired

Midland HVAC LLC

ResAug 2022Closed

ROTO-ROOTER SERVICES CO

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

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width122 ft

Buildable depth20 ft

Area~4,451 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 4,451 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
1807 COLFAX AVE S MINNEAPOLIS MN 55403	DAVID VALENTINI	RESIDENTIAL	$1,104,200	57 ft
1811 COLFAX AVE S MINNEAPOLIS MN 55403	CHARLES & CHIKA CHAN	RESIDENTIAL	$727,800	109 ft
1787 COLFAX AVE S MINNEAPOLIS MN 55403	K RICH & D PALMER	RESIDENTIAL	$1,228,000	125 ft
901 SUMMIT AVE MINNEAPOLIS MN 55403	901 JJA LLC	APARTMENT	$3,755,000	135 ft
1810 BRYANT AVE S MINNEAPOLIS MN 55403	1810 BRYANT LLLP	APARTMENT	$4,211,000	175 ft
900 SUMMIT AVE MINNEAPOLIS MN 55403	900 SUMMIT L P	APARTMENT	$4,642,000	184 ft
1783 COLFAX AVE S MINNEAPOLIS MN 55403	OWEN/CONAWAY TRUST	RESIDENTIAL	$1,193,700	188 ft
1802 COLFAX AVE S MINNEAPOLIS MN 55403	M J ROSENMAN & K S ROSENMAN	RESIDENTIAL	$1,166,000	195 ft
MN	Unknown	—	—	202 ft
1819 COLFAX AVE S MINNEAPOLIS MN 55403	MARY NICHOLS/THOMAS NICHOLS	CONDOMINIUM	$431,000	202 ft

Property History

Most Recent Sale

Date202405

Price$1,040,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$20,198