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$1,195,000   Price Analysis
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2808 Colfax Ave S
Minneapolis, MN 55408
15 bed 12 bath 6,039 SqFt ($197/SqFt)
5,227SqFt lot. Built 2014
Listed 2024-02-21, Taxes $17,556
Ⓧ USDA Ineligible
due to price & location

near Minneapolis

Fabulous t riplex in the heart of Uptown!

* No Longer For Sale *
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Build in 2014, each unit boasts 5BRs, 4 baths, open concept main level, engineered HWD floors, big kitchens with granite, breakfast bar and SS appliances. There is also a private rooftop deck and off-street parking designated for each unit. Access the Greenway up the block for biking and to the lakes! Unit 1 is leased to 8/30/24 and rents @ $3250/mo.

Unit 2 is leased to 5/30/24 and rents @ $3330/mo. Unit 3 is leased to 8/30/24 and rents @ $2645/mo. Yearly gross rents are $110, 700. Owner maintains and pays the watr/trash bill and charges back the tenants each month. First showings are for Unit 2 and 2nd showings can see Units 1 and 3.


Presented by Laurie Allen at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #6492307 from NorthstarMLS

Bedrooms: 15

Basement Features: Concrete Block, Egress Windows

Full Bathrooms: 12

Heating Features: Forced Air
Heating Fuel: Natural Gas

Vinyl
Road Frontage Type: City, Curbs, Paved Streets, Sidewalks, Storm Sewer
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Size Acres: 0.12
Lot Size Dimensions: 42x128
Lot Size Square Feet: 5227

Parking Features: Assigned, Driveway - Asphalt, Uncovered/Open

Association: No
Association Amenities: Fire Sprinkler System
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1750.00

Gross Income: 110700.00
Tenant Pays: Broadband, Cable T.V., Electric, Heat, Trash, Water/Sewer

Number of Units: 3

School District: 1 - Minneapolis

Whittier International is a public elementary school located approximately 0.5 miles away.
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Andersen Community is a public elementary and middle school located approximately 1.6 miles away.
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South Senior High School is a public high school located approximately 2.4 miles away.
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City of Lakes Waldorf School is a private elementary and middle school located approximately 0.9 miles away.
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Annual Tax Amount: 17719.00
Source Listing Status: Closed
County: Hennepin
Directions: Hennepin Ave to east on W 28th St , south on Colfax.
Tax Year: 2023
Source Property Type: Multi-Family
Insurance Expense: 3495.00
Source Neighborhood: Lowry Hill East
Owner Pays: Insurance, Lawn, Maintenance/Repair, Snow, Taxes, Trash, Water/Sewer
Parcel Number: 3302924440051
Subdivision: Windoms Add
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$912,000 + $119,000
$1,031,000
$17,556
2021$909,900 + $120,600
$1,030,500
$16,853
2020$908,300 + $82,700
$991,000
$17,527
2019$821,400 + $79,600
$901,000
$16,544
2018$731,900 + $79,600
$811,500
$15,071
2017$693,100 + $72,400
$765,500
$14,534
2016$617,600 + $72,400
$690,000
$13,518
2015$unknown + $60,600
$60,600
$1,425
2014$unknown + $unknown
$204,740
$3,696
2013$unknown + $unknown
$215,095
$3,895
2012$unknown + $unknown
$215,095
$3,796
2011$171,600 + $71,400
$243,000
$3,897
2010$180,600 + $71,400
$252,000
$3,525
2009$191,900 + $70,800
$262,700
$3,734
2008$166,200 + $62,300
$228,500
$2,850
2007$157,100 + $41,600
$198,700
$2,499

Sold 2024-04-30
$1,075,000
NorthstarMLS
Relisted 2024-03-13
$1,195,000
NorthstarMLS
Listing removed 2024-03-08
$0
NorthstarMLS
Listed 2024-02-21
$1,195,000
NorthstarMLS
Sold 2013-06-17
$249,900
NorthstarMLS
Price Changed 2013-05-24
$249,900
NorthstarMLS
Listed 2013-04-15
$264,900
NorthstarMLS
Sold 2012-10-10
$201,094
Public Record
Sold 2004-08-02
$229,900
Public Record
Sold 2001-07-27
$164,000
Public Record

Net Operating Income: 94155.00
Operating Expense: 16545.00

Total Square Feet Living: 6039
Above Grade Finished Area: 4489
BelowGradeFinishedArea: 1550
Foundation Area: 1550.00
Property Age: 10
Property Condition: Previously Owned
Roof: Age Over 8 Years, Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 4489.00
Total Area Main: 1566.00
Total Below Grade Area: 1550.00

Electric: 100 Amp Service, Circuit Breakers
Sewer: City Sewer/Connected
Water Sewer Expense: 5600.00
Water Source: City Water/Connected

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.