2729 Colfax Avenue S, Minneapolis, MN 55408 (MLS# 7071473)
$524,900
Minneapolis, MN 55408
MLS# 7071473
4 beds | 2 baths | 3870 sqft
1 / 41
Property Description
Spectacular duplex offering prime Wedge Community location! Enjoy the beautiful hardwood floors, spacious living rooms, updated kitchens, new mechanicals, new roof, abundant storage and original woodwork with built-ins. The main floor unit offers a bonus sun room or den option while the upper unit offers a large 3 season porch. Other highlights of this investment opportunity include: Private fenced backyard, 2-car garage, excellent sunlight exposure with a sun filled deck - perfect for BBQ's and hosting outdoor gatherings. This property has been continuously updated by the same owner for 45 years and provides an owner occupied or investment opportunity. Take advantage of the prime location - close to city lakes, downtown Minneapolis, Greenway, coffee shops, restaurants and freeway access. Pride of ownership!
Details
Maps
Contract Information
Status: Active
Contingency: Inspection
Current Price: 524900
Original List Price: 524900
ListPrice: 524900
List Date: 2026-05-11
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1906
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 4
Baths Total: 2
Main Floor Total SqFt: 1290
Above Ground SqFt: 2580
Below Grd Total SqFt: 1290
Total SqFt: 3870
Foundation Size: 1290
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2580.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 34x129
Acres: 0.1
Assessment Pending: No
Location Tax and Other Information
House Number: 2729
Street Name: Colfax
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Assessments
Tax With Assessments: 9347
Building Information
Finished SqFt Above Ground: 2580
Income and Expenses
Annual Gross Expenses: 14791
Annual Gross Income: 41400
Annual Insurance Expense: 3029
Annual Maintenance Expense: 163
Annual Net Income: 26609
Annual Water/Sewer Expense: 2252
Total Annual Expenses: 14791
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 375
Public Survey Info
Range#: 24
Section#: 33
Township#: 29
Unit 1
Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: 2nd Level
Unit Number: 1
Annual Rent: 21600
Finished SqFt: 1290
Full Baths: 1
Monthly Rent: 1650
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 7
Unit 2
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 19800
Finished SqFt: 1290
Full Baths: 1
Monthly Rent: 1800
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 7
Unit Details
Total Units: 2
Property Features
Accessible: None
Amenities Shared: Deck
Basement: Full; Storage Space; Storage/Locker
Construction Materials: Block; Frame
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Stucco
Fencing: Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Internet Options: Cable; Fiber Optic
Laundry: Common Area; Lower Level
Owner Pays: Lawn; Sewer; Snow Removal; Trash Collection; Water
Parking Characteristics: Garage Door Opener
Pool Description: None
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Architectural Shingle
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Gas
Unit 1 Amenities: Historic/Period Millwork; Security Lights; Walk-In Closet; Cable; Deck; French Doors; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Patio; Porch; Sun Room; Tile Floors
Unit 1 Appliances: Stainless Steel Appliances; Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Eat In Kitchen; Informal Dining Room
Unit 1 Special Search: All Living Fac. on One Level; Main Floor Primary
Unit 2 Amenities: Historic/Period Millwork; Security Lights; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Porch; Sun Room; Tile Floors; Walk-Up Attic
Unit 2 Appliances: Stainless Steel Appliances; Dishwasher; Exhaust Fan/Hood; Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Informal Dining Room
Unit 2 Special Search: All Living Fac. on One Level
Water: City Water/Connected
Listing Office: Edina Realty, Inc.
Last Updated: May - 18 - 2026
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