2736 COLFAX AVE S MINNEAPOLIS MN 55408

PID: 3302924410112

Property Overview

Parcel ID3302924410112

Lot Size10,304 sq ft (0.237 ac)

Lot Dimensions (est.)129 ft wide × 80 ft deep

Year Built1966

Property ClassAPARTMENT

OwnerWEDGE 27 LLC

Assessed Value$1,237,000

Land Value$514,500

Building Value$722,500

Annual Tax$23,401

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width70 ft

Buildable depth89 ft

Area~6,212 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 6,212 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2738 COLFAX AVE S MINNEAPOLIS MN 55408	POSITIVE DEVELOPMENTS LLC	RESIDENTIAL-TWO UNIT	$425,000	60 ft
2726 COLFAX AVE S MINNEAPOLIS MN 55408	KI COLFAX LLC	APARTMENT	$725,000	70 ft
2742 COLFAX AVE S MINNEAPOLIS MN 55408	MICHELLE A CALABRESE	RESIDENTIAL	$474,000	100 ft
MN	Unknown	—	—	117 ft
2720 COLFAX AVE S MINNEAPOLIS MN 55408	DOLORES A WAALK	RESIDENTIAL	$378,000	132 ft
2746 COLFAX AVE S MINNEAPOLIS MN 55408	CHRISTOPHER J BUCKLEY	RESIDENTIAL	$411,000	140 ft
2735 DUPONT AVE S MINNEAPOLIS MN 55408	WAYNE A FRETHEIM	RESIDENTIAL-TWO UNIT	$481,600	142 ft
2731 DUPONT AVE S MINNEAPOLIS MN 55408	H AND H REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$441,800	142 ft
2727 DUPONT AVE S MINNEAPOLIS MN 55408	ANDREW M GLOCKNER	RESIDENTIAL-TWO UNIT	$473,400	151 ft
2737 DUPONT AVE S MINNEAPOLIS MN 55408	ZUBIAN PROP LLC	RESIDENTIAL-TWO UNIT	$531,400	153 ft

Property History

Most Recent Sale

Date202105

Price$1,570,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$23,401