$525,000
Off-Market Date: 05/23/20262447 Colfax Avenue S Minneapolis, MN 55405
Pending MLS# 7068074
6 beds 3 baths 3,151 sq ft Multi-family
Details for 2447 Colfax Avenue S
MLS# 7068074
Description for 2447 Colfax Avenue S, Minneapolis, MN, 55405
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!
Listing Information
Property Type: Multi-family, Duplex Up and Down
Status: Pending
Bedrooms: 6
Bathrooms: 3
Lot Size: 0.13 Acres
Square Feet: 3,151 sq ft
Year Built: 1900
Foundation: 672 sq ft
Garage: Yes
Stories: More Than 2 Stories
Number Of Units Total: 2
County: Hennepin
Days On Market: 15
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement, Washer Hookup, Lower Level
Interior Features
Square Footage above: 3,151 sq ft
Basement: Full, Daylight/Lookout Windows
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Humidifier, Other, Natural Gas, Forced Air, Baseboard, Ductless Mini-Split
Exterior / Lot Features
Garage Spaces: 2
Open Parking: 2
Parking Description: Driveway - Concrete, Heated Garage, Detached Garage, No Int Access to Dwelling, Garage Door Opener, Storage, Electric, Finished Garage, Garage Dimensions - 24x24, Garage Door Height - 6, Garage Door Width - 16, Garage Sq Ft - 576.0
Exterior: Wood
Roof: Age 8 Years or Less, Age Over 8 Years, Pitched, Asphalt Shingles
Lot Dimensions: 45x128
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Tree Coverage - Light, Public Transit (w/in 6 blks), Road Frontage - City, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Community Features
Association Amenities: Common Laundry Facility, Patio
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 2050
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 8
Unit 2 Units Total: 1
Unit 2 Actual Rent: 2200
Unit 2 Baths Total: 2
Unit 2 Beds Total: 4
Unit 2 Rooms Total: 12
Driving Directions
Hennepin to 24th East to Colfax South to building
Financial Considerations
Tenant Pays: Electric,Gas
Owner Pays: Common Area Maintenance,Exterior Maintenance,Grounds Care,Insurance,Maintenance/Repair,Repairs,Roof Maintenance,Sewer,Snow,Taxes,Trash,Water
Gross Income: 51000
Expense: 36940.46
Tax/Property ID: 3302924140096
Tax Amount: 9449.4
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Coldwell Banker Realty - Southwest Regional
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Sales History & Tax Summary for 2447 Colfax Avenue S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2447 Colfax Avenue S
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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