2447 Colfax Avenue S, Minneapolis, MN 55405

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1229
Above Ground SqFt: 3151
Below Grd Total SqFt: 1229
Total SqFt: 4380
Foundation Size: 672
Style: (MF) Duplex Up and Down
Total Finished Sqft: 3151.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 45x128
Acres: 0.13
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Common Laundry Facility; Patio Assumable Loan: Not Assumable Basement: Full Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Existing Financing: Conventional Exterior: Wood Fencing: None Foundation: Stone; Other Fuel: Natural Gas Heating: Baseboard; Forced Air; Humidifier; Other Internet Options: Cable Laundry: In Basement; Lower Level; Washer Hookup Lock Box Type: Supra Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; Insurance; Maintenance/Repair; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Finished Garage; Garage Door Opener; Heated Garage; No Int Access to Dwelling; Storage Pool Description: None Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Age Over 8 Years; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Tenant Pays: Electricity; Gas Unit 1 Amenities: Countertops-Granite; Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Porch; Tile Floors; Washer/Dryer Hookup Unit 1 Appliances: Furnace Humidifier; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Breakfast Area; Eat In Kitchen; Informal Dining Room; Living/Dining Room; Separate/Formal Dining Rm Unit 1 Fireplace Char: Living Room Unit 1 Special Search: Main Floor Bedroom; All Living Fac. on One Level Unit 2 Amenities: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Porch; Tile Floors Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath; Upper Level Full Bath Unit 2 Cooling: Central; Ductless Mini-Split Unit 2 Dining Room Description: Eat In Kitchen; Kitchen/Dining Room; Living/Dining Room Unit 2 Special Search: Divided Bdr Flr Plan; Main Floor Bedroom Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 525000
ListPrice: 525000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2447
Street Name: Colfax
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405

Assessments

Tax With Assessments: 9449.4
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3151

More Information

Income and Expenses

Annual Electric Expense: 3331.36
Annual Fuel Expense: 2276.22
Annual Gross Expenses: 36940.46
Annual Gross Income: 51000
Annual Insurance Expense: 4270
Annual Maintenance Expense: 425
Annual Net Income: 14059.54
Annual Repair Expense: 1775
Annual Water/Sewer Expense: 2653.9
Total Annual Expenses: 36940.46
Annual Caretaker Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24x24
Garage Door Height: 6
Garage Door Width: 16
Garage Square Feet: 576
Finished Garage: Yes
Garage Door Opener: Yes
Heated Garage: Yes
No Int Access to Dwelling: Yes
Storage: Yes

Public Survey Info

Range#: 24
Section#: 33
Township#: 29

Unit 1

Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
Annual Rent: 24600
Finished SqFt: 1229
Full Baths: Yes
Monthly Expense: 1539
Monthly Rent: 2050
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 8

Unit 2

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 26400
Finished SqFt: 1992
Full Baths: 2
Monthly Expense: 1539
Monthly Rent: 2200
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 12

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 008 BLOCK 006 LYNDALE AVE ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 4208
Property ID Number: 3302924140096
Tax Year: 2026
Tax Amount: 9449.4
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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!
Directions: Hennepin to 24th East to Colfax South to building

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes
Patio: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes

Existing Financing

Conventional: Yes

Exterior

Wood: Yes

Fencing

None: Yes

Foundation

Stone: Yes
Other: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Forced Air: Yes
Humidifier: Yes
Other: Yes

Internet Options

Cable: Yes

Laundry

In Basement: Yes
Lower Level: Yes
Washer Hookup: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Common Area Maintenance: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Maintenance/Repair: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Front Porch: Yes
Wrap Around: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Age Over 8 Years: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Three: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Unit 1 Amenities

Countertops-Granite: Yes
Ceiling Fan(s): Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Porch: Yes
Tile Floors: Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Furnace Humidifier: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Breakfast Area: Yes
Eat In Kitchen: Yes
Informal Dining Room: Yes
Living/Dining Room: Yes
Separate/Formal Dining Rm: Yes

Unit 1 Fireplace Char

Living Room: Yes

Unit 1 Special Search

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

Unit 2 Amenities

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Porch: Yes
Tile Floors: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes
Upper Level Full Bath: Yes

Unit 2 Cooling

Central: Yes
Ductless Mini-Split: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes
Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Unit 2 Special Search

Divided Bdr Flr Plan: Yes
Main Floor Bedroom: Yes