2729 Colfax Avenue S
Minneapolis, MN 55408
$492,000 - 47
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 Courtesy of: Edina Realty, Inc.
612-327-6240
Buyer Represented by: RE/MAX Results
| Listing Id: | 7109957 |
|---|---|
| List Price: | $499,900 |
| Close Price: | $492,000 |
| Close Date: | 2026-10-01 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex Up and Down |
| Status: | Closed |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 2 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 2,580 |
| Tax Annual Amount: | $9,347 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 47 |
| County Or Parish: | Hennepin |
| Postal Code: | 55408 |
| Year Built: | 1906 |
| Number Of Units Total: | 2 |
| Above Grade Finished Area: | 2,580 |
| Accessibility Features: | None |
| Association Amenities: | Deck |
| Basement: | Yes |
| Basement: | Full, Storage/Locker, Storage Space |
| Bathrooms Total Integer: | 2 |
| Building Area Total: | 3870 |
| Construction Materials: | Block, Frame |
| Directions: | Hennepin to 28th (E) to Colfax (N) to home |
| Electric: | Circuit Breakers |
| Fencing: | Wood |
| Foundation Area: | 1,290 |
| Fuel Expense: | 0 |
| Garage Spaces: | 2 |
| Gross Income: | $41,400 |
| Heating: | Boiler |
| High School District: | Minneapolis |
| Insurance Expense: | $3,029 |
| Laundry Features: | Common Area, Lower Level |
| Levels: | Two |
| Listing Contract Date: | 2026-07-16 |
| Living Area Units: | Square Feet |
| Lot Features: | Public Transit (w/in 6 blks) |
| Lot Size Area: | 0.1 |
| Lot Size Dimensions: | 34x129 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $163 |
| Net Operating Income: | $26,609 |
| Assessment Pending: | No |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Square Feet: | 375 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Power Company: | Xcel Energy |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Two |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $9,347 |
| Operating Expense: | $14,791 |
| Owner Pays: | Grounds Care, Sewer, Snow Removal, Trash Collection, Water |
| Parcel Number: | 3302924410109 |
| Parking Features: | Detached Garage, Concrete, Garage Door Opener |
| Pool Features: | None |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 33 |
| Public Survey Township: | 29 |
| Road Frontage Type: | City Street, Curbs, Paved Streets, Sidewalks |
| Road Responsibility: | Public Maintained Road |
| Roof: | Age 8 Years or Less, Architectural Shingle |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Electricity, Gas |
| Water Sewer Expense: | $2,252 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 2580 |
| Below Grade Sq Ft Total: | 1290 |
| Main Level Finished Area: | 1290 |
| Patio Porch Type: | Deck, Front Porch |
| Total Area: | 3,870 |
| Exterior Features: | Stucco |
| Foundation Details: | Block |
| School District Full Name: | 1 - Minneapolis |
| Pending Timestamp: | 2026-08-26 |
| For Sale Or Lease: | For Sale |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:59 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:59 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:59 PM - CT
