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$728,000   Price Analysis
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4016 and 4018 Colfax Ave S
Minneapolis, MN 55409
6 bed 3 bath 3,084 SqFt ($236/SqFt)
5,663SqFt lot. Built 1925
Listed 2024-05-17, Taxes $9,636
Ⓧ USDA Ineligible
due to location

near Minneapolis

Fantastic location!

* Has Contingent Offer *

One block to the Rose Gardens and Lake Harriet. One block to bus lne. Half a block to the park/sliding hill. Spacious 3 bedroom units with natural woodwor k and hardwood floors.

Built in bookcases in Living Room and buffet in Dining Room. Brick, gas fireplaces. Updated bathrooms. Double garage with openers. Contemporary roof and updated mechanicals. Loved and well-maintained by the same owner for 28 years. Great block -rents quickly.


Presented by Mark Burke at
RE MAX Results.


Property MLS #6538346 from NorthstarMLS

Bedrooms: 6

Basement Features: Concrete Block, Full, Storage Space, Unfinished

Full Bathrooms: 3

Heating Features: Boiler
Heating Fuel: Natural Gas

Brick/Stone
Stucco
Fencing: Chain Link, Partial, Privacy
Road Frontage Type: City, Curbs, Paved Streets, Sidewalks, Storm Sewer, Street Lights
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Size Acres: 0.13
Lot Size Dimensions: 42x134
Lot Size Square Feet: 5663

Garage Spaces: 2
Parking Features: Detached Garage, Driveway - Concrete, Electric, Garage Door Opener
Garage Dimensions: 20 x 20
Garage Sqft: 400

Association: No
Association Amenities: Patio
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 3200.00

Gross Income: 51600.00
Tenant Pays: Cable T.V., Electric, Fuel, Lawn, Snow

Number of Units: 2

School District: 1 - Minneapolis

Barton Open Elementary School is a public elementary and middle school located approximately 0.3 miles away.
directions icon Map directions

Washburn Senior High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

Lake Country School is a private elementary and middle school located approximately 0.6 miles away.
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Annual Tax Amount: 10254.00
Source Listing Status: Active Under Contract
County: Hennepin
Directions: One block from Rose Gardens and Lake Harriet
Tax Year: 2024
Source Property Type: Multi-Family
Insurance Expense: 2394.00
Source Neighborhood: East Harriet
Owner Pays: Insurance, Maintenance/Repair, Sewer, Taxes, Trash, Water
Parcel Number: 0902824140045
Subdivision: Remingtons 3rd Add
Trash Expense: 840.00
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$395,000 + $157,000
$552,000
$9,636
2021$347,100 + $204,900
$552,000
$9,287
2020$378,300 + $173,700
$552,000
$10,035
2019$351,800 + $173,700
$525,500
$9,827
2018$295,300 + $173,700
$469,000
$8,898
2017$289,100 + $157,900
$447,000
$8,378
2016$267,600 + $157,900
$425,500
$8,228
2015$267,600 + $157,900
$425,500
$8,633
2014$228,400 + $141,600
$370,000
$8,080
2013$240,600 + $129,400
$370,000
$8,125
2012$240,600 + $129,400
$370,000
$7,907
2011$272,600 + $129,400
$402,000
$8,196
2010$317,100 + $129,400
$446,500
$7,945
2009$317,100 + $129,400
$446,500
$8,033
2008$340,600 + $129,400
$470,000
$7,639
2007$386,200 + $91,000
$477,200
$7,983

Listed 2024-05-17
$728,000
NorthstarMLS
Listing removed 2024-05-08
$0
NorthstarMLS
Listed 2024-04-25
$728,000
NorthstarMLS
Sold 1996-11-15
$228,000
Public Record
Sold 1990-03-29
$180,000
Public Record

Net Operating Income: 41127.00

Total Square Feet Living: 3084
Above Grade Finished Area: 3084
Construction Materials: Block, Brick, Frame
Foundation Area: 1542.00
Property Age: 99
Property Condition: Previously Owned
Roof: Architectural Shingle, Age 8 Years or Less, Pitched
Levels or Stories: 2
Total Above Grade Sqft Area: 3084.00
Total Area Main: 1542.00
Total Below Grade Area: 1542.00

Electric: 100 Amp Service, Circuit Breakers
Sewer: City Sewer/Connected
Water Sewer Expense: 1884.00
Water Source: City Water/Connected
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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.