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  • $495,000

    3340 Colfax Ave S, Minneapolis, MN 55408

    5beds
    2baths
    2,115sqft
    Other
    Built in 1909
    -- sqft lot
    $495,000 Zestimate®
    $234/sqft
    $2,499 Estimated rent

    Home value

    $495,000

    $460,000 - $530,000

    $2,499/mo

    Zestimate® history
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    What's special

    Welcome to 3340 Colfax Ave S, where historic charm blends seamlessly with modern convenience. Thoughtfully converted and extensively updated in 2023, this stunning duplex offers a rare investment opportunity in one of Minneapolis’ most sought after neighborhoods. The main-floor apartment features an inviting open floor plan with three bedrooms and one bathroom, highlighted by a beautiful fireplace, a fully renovated kitchen and bath, energy efficient LED lighting, and convenient in-unit laundry. The garden level apartment offers its own open-concept layout with two bedrooms and one bathroom, complete with a stylish new kitchen, remodeled bath, and private in-unit laundry. The lower level unit is also a registered Airbnb generating approximately $26K in annual revenue, creating excellent income potential. Whether you choose owner occupancy with supplemental rental income or lease both units for maximum returns, this property offers exceptional flexibility and value. With off street parking for 2–3 cars, Adding to the appeal are the unbeatable walkability and lifestyle amenities just steps from Lake Bde Maka Ska, shopping, dining, grocery stores, and everything Uptown has to offer. this income-producing gem is truly one of a kind. A must-see opportunity, priced to sell. Don’t miss your chance to own this exceptional property in one of Minneapolis’ premier locations. A must see opportunity, priced to sell. Don’t miss your chance to own this exceptional property in one of Minneapolis’ premier locations.

    Zillow last checked:

    Listing updated:

    Listed by:

    Claire C Persaud 612-730-5775,

    Coldwell Banker Realty - Lakes

    Bought with:

    Ricardo R Sereno

    Lakes Area Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7071251MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Laundry: Laundry Closet
    Features
    • Basement: Finished
    Interior area
    • Total structure area: 2,115
    • Total interior livable area: 2,115 sqft
    • Finished area above ground: 1,315
    • Finished area below ground: 800

    Property

    Parking
    • Parking features: Paved Lot
    • Details: Garage Dimensions (0), Garage Door Height (0)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One and One Half
    • Patio & porch: Porch
    Lot
    • Size: 5,227 Square Feet
    • Dimensions: 40 x 129
    Details
    • Foundation area: 1015
    • Parcel number: 0402824140173
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Other
    Materials
    • Roof: Age 8 Years or Less
    Condition
    • New construction: No
    • Year built: 1909

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer - In Street
    • Water: City Water - In Street

    Community & HOA

    Community
    • Subdivision: Remingtons 2nd Add
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $234/sqft
    • Tax assessed value: $509,800
    • Annual tax amount: $7,046
    • Date on market: 5/10/2026
    • Cumulative days on market: 51 days

    Price history

    DateEventPrice
    6/26/2026Sold$495,000-6.6%$234/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7071251 Report a problem
    5/23/2026Price change$529,900-1.9%$251/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7071251 Report a problem
    5/10/2026Listed for sale$539,900+20%$255/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7071251 Report a problem
    12/14/2023Sold$450,000$213/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6446482 Report a problem
    12/4/2023Pending sale$450,000$213/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6446482 Report a problem
    11/29/2023Listing removed--
    Source: NorthstarMLS as distributed by MLS GRID #6446482 Report a problem
    10/11/2023Listed for sale$450,000+100.1%$213/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6446482 Report a problem
    9/23/2022Sold$224,900$106/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6252617 Report a problem
    9/9/2022Pending sale$224,900$106/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6252617 Report a problem
    8/26/2022Listed for sale$224,900$106/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6252617 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,046 +69%$509,800 +6.9%
    2024$4,169 +5.8%$477,000 +50.5%
    2023$3,941 -0.4%$317,000 +2.9%
    2022$3,955 -7.3%$308,000 +4.4%
    2021$4,267 -7.7%$295,000 -9.5%
    2020$4,625 +8.4%$326,000
    2019$4,267 -7.7%$326,000 +3%
    2018$4,625 +18.8%$316,500 +17%
    2017$3,893 -2.5%$270,500
    2016$3,992 -3.2%$270,500 +7.8%
    2015$4,125 +3.6%$251,000 +14.1%
    2014$3,981 +2.7%$220,000
    2013$3,878 -1%$220,000 -6%
    2012$3,919 +2.6%$234,000
    2011$3,819 +10.1%$234,000 -2.3%
    2010$3,470 -1.4%$239,500
    2009$3,519 +23%$239,500 +17.6%
    2006$2,861 +13.3%$203,600 +15%
    2005$2,524 +8.4%$177,100 +15%
    2004$2,329 +6.2%$154,000 +12%
    2002$2,193 -49.1%$137,500
    2001$4,308 --
    Find assessor info on the county website

    Neighborhood: South Uptown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $495,000
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    Estimated market value
    $495,000