3340 Colfax Avenue S Minneapolis, MN 55408
For Sale MLS# 7071251
5 beds 2 baths 2,115 sq ft Multi-family
OPEN HOUSE: Sunday, 6/7 01:00 PM - 03:00 PM
Details for 3340 Colfax Avenue S
MLS# 7071251
Description for 3340 Colfax Avenue S, Minneapolis, MN, 55408
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.
Listing Information
Property Type: Multi-family
Status: Active
Bedrooms: 5
Bathrooms: 2
Lot Size: 0.12 Acres
Square Feet: 2,115 sq ft
Year Built: 1909
Foundation: 1,015 sq ft
Stories: 1.5 Stories
Subdivision: Remingtons 2nd Add
Number Of Units Total: 2
County: Hennepin
Days On Market: 27
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: Laundry Closet
Interior Features
Square Footage above: 1,315 sq ft
Square Footage below: 800 sq ft
Basement: Finished (Livable)
Utilities
Water: City Water - In Street
Sewer: City Sewer - In Street
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 2
Parking Description: Paved Lot, Garage Dimensions - 0, Garage Door Height - 0, Garage Sq Ft - 0.00
Exterior: Block, Vinyl
Roof: Age 8 Years or Less
Lot Dimensions: 40 X 129
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Road Frontage - City
Unit Information
Unit 1 Units Total: 1
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 2100
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 5
Driving Directions
Hennepin Ave to 33rd St So. East to Colfax and then South to house
Financial Considerations
Gross Income: 26000
Expense: 4000
Tax/Property ID: 0402824140173
Tax Amount: 7046
Tax Year: 2025
HomeStead Description: Homesteaded
A broker reciprocity listing courtesy: Coldwell Banker Realty - Lakes
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.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3340 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 3340 Colfax Avenue S
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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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