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  • $509,000

    2447 Colfax Ave S, Minneapolis, MN 55405

    6beds
    3baths
    3,151sqft
    Duplex Up and Down
    Built in 1900
    -- sqft lot
    $509,000 Zestimate®
    $162/sqft
    $2,450 Estimated rent

    Home value

    $509,000

    $473,000 - $545,000

    $2,450/mo

    Zestimate® history
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    $3,304/mo

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    What's special

    Hardwood floorsTwo-car detached garageShared patioHigh ceilingsOpen-concept layoutCentral air
    A prime opportunity for owner-occupants or investors, this classic 1900s duplex at 2447 Colfax is situated in a vibrant neighborhood filled with parks, trails, and diverse entertainment. Recognized by the Betsy-Tacy Society for its literary significance, this historic site was once the home of author Maud Hart Lovelace’s sister and brother-in-law. The property features expansive upper and lower wrap-around porches, a shared patio, and a two-car detached garage. Above the garage, a finished 16x19 climate-controlled studio provides additional income, currently rented for $350/month. Inside, Unit 1 ($1,700/mo) offers an open-concept layout with high ceilings, hardwood floors, and central air. Unit 2 ($2,200/mo) spans two floors, including a fully finished third-floor loft with its own kitchenette and living space. Significant updates provide peace of mind, including a 2023 roof, newer Carrier furnaces, and updated electrical. This solid, well-maintained duplex is ready for its next chapter—come see it for yourself!

    Zillow last checked:

    Listing updated:

    Listed by:

    Nancy L Walker 612-799-2768,

    Coldwell Banker Realty - Southwest Regional

    Bought with:

    Amanda Buhman

    Compass

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7068074MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Baseboard, Ductless Mini-Split, Forced Air, Humidifier, Other
    Appliances
    • Laundry: In Basement, Lower Level, Washer Hookup
    Features
    • Basement: Daylight,Full
    Interior area
    • Total structure area: 4,380
    • Total interior livable area: 3,151 sqft
    • Finished area above ground: 3,151
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached Garage, Concrete, Electric, Garage, Garage Door Opener, Heated Garage, No Int Access to Dwelling, Storage
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (24x24), Garage Door Height (6), Garage Door Width (16)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: More Than 2 Stories
    • Patio & porch: Front Porch, Wrap Around
    • Pool features: None
    • Fencing: None
    Lot
    • Size: 5,662 Square Feet
    • Dimensions: 45 x 128
    • Features: Near Public Transit, Tree Coverage - Light
    Details
    • Foundation area: 672
    • Parcel number: 3302924140096
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex Up and Down
    Materials
    • Roof: Age Over 8 Years,Age 8 Years or Less,Asphalt,Pitched
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers, 100 Amp Service, Power Company: Xcel Energy
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    HOA
    • Amenities included: Laundry, Patio
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $162/sqft
    • Tax assessed value: $499,500
    • Annual tax amount: $9,449
    • Date on market: 5/8/2026
    • Cumulative days on market: 15 days
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/17/2026Sold$509,000-3%$162/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7068074 Report a problem
    5/23/2026Pending sale$525,000$167/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7068074 Report a problem
    5/8/2026Listed for sale$525,000+24.3%$167/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7068074 Report a problem
    10/17/2005Sold$422,500+199.6%$134/sqft
    Source: Public Record Report a problem
    4/10/1996Sold$141,000$45/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,925 +5.9%$499,500 +1.7%
    2024$8,429 -0.5%$491,000 -7%
    2023$8,474 -8.1%$528,000 +0.2%
    2022$9,223 +6.2%$527,000 -2.9%
    2021$8,685 -2%$543,000 +2.3%
    2020$8,861 +2%$531,000 +6%
    2019$8,685 -2%$501,000 +10%
    2018$8,861 +17.7%$455,500 +13.4%
    2017$7,529 +0.1%$401,500 +20%
    2016$7,523 +16.5%$334,500
    2015$6,459 -4.6%$334,500 +14.9%
    2014$6,770 +34.1%$291,000
    2013$5,049 -6.5%$291,000 -8.1%
    2012$5,398 -12.6%$316,500 -15%
    2011$6,173 +8.2%$372,500 -5.2%
    2010$5,707 -6.3%$393,000 -5%
    2009$6,092 +48.8%$413,500 +39.1%
    2006$4,093 +14.1%$297,300 +18.3%
    2005$3,588 +13.6%$251,400 +19.5%
    2004$3,158 +19.8%$210,300 +19.1%
    2002$2,636 -49%$176,600
    2001$5,168 --
    Find assessor info on the county website

    Neighborhood: Lowry Hill East

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $509,000
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    Estimated market value
    $509,000