2533 COLFAX AVE S MINNEAPOLIS MN 55405

PID: 3302924140152

Property Overview

Parcel ID3302924140152

Lot Size5,157 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerM M HARTNETT & J P KNAEBLE

Assessed Value$521,600

Land Value$147,000

Building Value$374,600

Annual Tax$8,119

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

No permits found in Minneapolis open data for this parcel.

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 width30 ft

Buildable depth89 ft

Area~2,667 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 2,667 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2537 COLFAX AVE S MINNEAPOLIS MN 55405	TATE KELLER/FOREST JOHNSON	RESIDENTIAL-TWO UNIT	$418,000	40 ft
2541 COLFAX AVE S MINNEAPOLIS MN 55405	M M MOGREN & J KATT	RESIDENTIAL-TWO UNIT	$526,800	80 ft
2545 COLFAX AVE S MINNEAPOLIS MN 55405	LEWIS WERNER	RESIDENTIAL	$509,600	120 ft
2532 BRYANT AVE S MINNEAPOLIS MN 55405	STEVEN F COBIAN	RESIDENTIAL-TWO UNIT	$441,200	141 ft
2536 BRYANT AVE S MINNEAPOLIS MN 55405	M D MOSER & J W MOSER	RESIDENTIAL	$514,000	146 ft
2549 COLFAX AVE S MINNEAPOLIS MN 55405	N JAROSZ & D J JAROSZ	RESIDENTIAL	$377,300	159 ft
2540 BRYANT AVE S MINNEAPOLIS MN 55405	STEVEN E ERICKSON	RESIDENTIAL-TWO UNIT	$387,400	161 ft
2532 COLFAX AVE S MINNEAPOLIS MN 55405	JOSHUA KATT & MOLLY KATT	RESIDENTIAL	$538,800	188 ft
2500 BRYANT AVE S MINNEAPOLIS MN 55405	MPLS PARK BOARD	COMMERCIAL-PREFERRED	$0	196 ft
2524 COLFAX AVE S MINNEAPOLIS MN 55405	A GOODRUM & P VUJOVICH	RESIDENTIAL	$686,000	196 ft

Property History

Most Recent Sale

Date199112

Price$95,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,119