2552 COLFAX AVE S MINNEAPOLIS MN 55405

PID: 3302924140017

Property Overview

Parcel ID3302924140017

Lot Size7,586 sq ft (0.174 ac)

Lot Dimensions (est.)128 ft wide × 59 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJ L RABB & C M E JOHNSON

Assessed Value$751,000

Land Value$171,000

Building Value$580,000

Annual Tax$12,460

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2022 · $66K total declared value · Most recent: Jan 2026 (existres)

ExistresJan 2026Closed

Modern Plumbing & Heating

ResApr 2025Closed

Elias Plumbing LLC

RemodelMar 2025Closed

$10K

Moonstone Design and Build

MiscOct 2024Final Inspection

$44K

PELLA NORTHLAND

MiscApr 2024Closed

$12K

ASHTON MCGEE RESTORATION GROUP LLC

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

Neighborhood Profile

Lowry Hill East · Minneapolis

Median reported rent1,194/mo

Renter-occupied84.0%

Median home value$388K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1067

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width50 ft

Buildable depth86 ft

Area~1,693 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 1,693 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2542 COLFAX AVE S MINNEAPOLIS MN 55405	M L ZIMMERMAN/E J SCHIMMING	RESIDENTIAL	$384,000	55 ft
2554 COLFAX AVE S MINNEAPOLIS MN 55405	GREGORY J WALLACE	RESIDENTIAL	$270,600	64 ft
1008 26TH ST W MINNEAPOLIS MN 55405	K MASICA & J CHENEY	RESIDENTIAL	$309,800	70 ft
2536 COLFAX AVE S MINNEAPOLIS MN 55405	2536 COLFAX AVENUE SOUTH LLC	APARTMENT	$933,000	110 ft
2549 DUPONT AVE S MINNEAPOLIS MN 55405	T WEISINGER & C WEISINGER	RESIDENTIAL	$454,600	142 ft
2553 DUPONT AVE S MINNEAPOLIS MN 55405	LINDA M HUHN	RESIDENTIAL-TWO UNIT	$394,800	148 ft
2545 DUPONT AVE S MINNEAPOLIS MN 55405	BRIAN WAGNER & P WAGNER	RESIDENTIAL-TWO UNIT	$452,500	148 ft
918 26TH ST W MINNEAPOLIS MN 55405	HAMRA LLC	RESIDENTIAL-TWO UNIT	$356,500	151 ft
2557 DUPONT AVE S MINNEAPOLIS MN 55405	JORDAN AMRANI & HAILEY WHITE	RESIDENTIAL-TWO UNIT	$476,900	161 ft
2541 DUPONT AVE S MINNEAPOLIS MN 55405	ELIZABETH C EVANS	RESIDENTIAL	$559,900	163 ft

Property History

Most Recent Sale

Date202106

Price$727,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,460