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2729 Colfax Avenue S, Minneapolis, MN 55408

New Listing

$524,900

Upper unit featuring gleaming hardwood floors

Main floor unit living room and sun room

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Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 3,870 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $524,900 List Date: 7/16/2026 Last Modified: 7/17/2026

Overview

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, excellent sunlight exposure with a sun filled deck - perfect for BBQ's and hosting outdoor gatherings and a 2-car garage. 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!

Listing Details MLS# 7109957

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1906
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
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

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 Lot Description: Public Transit (w/in 6 blks) 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

Contract Information

Contingency: None
Original List Price: 524900
ListPrice: 524900
Owner is an Agent?: No
Auction?: 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
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2580

More Information

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
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 375
Garage Door Opener: Yes

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: Yes
Annual Rent: 21600
Finished SqFt: 1290
Full Baths: Yes
Monthly Rent: 1800
No. of Units Like This: Yes
Total Baths: Yes
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: Yes
Monthly Rent: 1650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 001 PITMANS SUBD LOT 14 RUSSELLS OUTLOTS N 6 FT OF LOT 14 AND S 28 FT OF LOT 15 LOTS 14 AND 15
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2627
Property ID Number: 3302924410109
Tax Year: 2026
Tax Amount: 9347
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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, excellent sunlight exposure with a sun filled deck - perfect for BBQ's and hosting outdoor gatherings and a 2-car garage. 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!
Directions: Hennepin to 28th (E) to Colfax (N) to home

Accessible

None: Yes

Amenities Shared

Deck: Yes

Basement

Full: Yes
Storage Space: Yes
Storage/Locker: Yes

Construction Materials

Block: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Stucco: Yes

Fencing

Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Internet Options

Cable: Yes
Fiber Optic: Yes

Laundry

Common Area: Yes
Lower Level: Yes

Lot Description

Public Transit (w/in 6 blks): Yes

Owner Pays

Lawn: Yes
Sewer: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Deck: Yes
Front Porch: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Architectural Shingle: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Unit 1 Amenities

Historic/Period Millwork: Yes
Security Lights: Yes
Walk-In Closet: Yes
Cable: Yes
Deck: Yes
French Doors: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Patio: Yes
Porch: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 1 Appliances

Stainless Steel Appliances: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes

Unit 1 Special Search

All Living Fac. on One Level: Yes
Main Floor Primary: Yes

Unit 2 Amenities

Historic/Period Millwork: Yes
Security Lights: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Paneled Doors: Yes
Porch: Yes
Sun Room: Yes
Tile Floors: Yes
Walk-Up Attic: Yes

Unit 2 Appliances

Stainless Steel Appliances: Yes
Dishwasher: Yes
Exhaust Fan/Hood: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes

Unit 2 Special Search

All Living Fac. on One Level: Yes

Listing Office: Edina Realty, Inc.

Last Updated: July - 17 - 2026

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