NOT LISTED FOR SALE

4000 Colfax Ave S Minneapolis, MN 55409

East Harriet Neighborhood

Estimated Value: $642,000 - $793,000

6 Beds
2 Baths
3,140 Sq Ft
$233/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $849,000 $270 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $4,792/month

11 Days on Market

Highlights

  • 800 Feet of Waterfront
  • Corner Lot
  • 2 Car Attached Garage
  • Washburn High School Rated A-
  • Rear Porch
  • 4-minute walk to Lyndale Farmstead Park

About This Home

As of May 2023

Up/Down duplex on corner lot. Both units completely remodeled in 2021, w/modern upgrades including SSappliances, custom bathroom tile/showers, and upgraded original fireplaces, all while still keeping theoriginal charm of the home. The units mirror each other & each offer: 1570 sq. ft. with 3 bedrooms,1bathroom, kitchen, dining room, living room and cozy 4 season porch! Sitting up higher than the sidewalk, these units have privacy, and TONS of natural light being on a corner lot with windows lining the north & east sides of the house. Both units used as a short term rentals (Airbnb/VRBO) since remodel. Great to owner occupy or full investment - rents range from $2800-$3200; a cap of 6.5%-8% depending on monthly rent charged. Listing Agent related to seller.

Last Agent to Sell the Property

Sherri Beier

Compass Brokerage Phone: 612-812-2952 Listed on: 04/03/2023

Compass

Last Buyer's Agent

Nicholas Hall

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,515

Year Built

  • Built in 1923

Lot Details

  • Lot Dimensions are 47x134
  • 800 Feet of Waterfront
  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Tuck Under Garage

Home Design

  • Duplex

Interior Spaces

  • 3,140 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Rear Porch
  • Boiler Heating System

Community Details

  • 2 Units
  • Remingtons 3Rd Add Subdivision

Listing and Financial Details

  • The owner pays for all utilities, grounds care, repairs
  • Assessor Parcel Number 0902824140041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,515

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: In-Ground Sprinkler System, Porch
  • Year Built: 1923
  • Above Grade Finished Sq Ft: 3140
  • Water Body Name: Walker Brook
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Attribution Contact: 612-812-2952
  • Attribution Contact: 612-812-2952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 3140
  • Owner Pays: All Utilities, Grounds Care, Repairs
  • Basement YN: Yes
  • Amenities: Ceiling Fan(s),Primary Bedroom Walk-in Closet,Porch
  • Appliances: Dishwasher,Microwave,Range,Stainless Steel Appliances
  • Number Of Fireplaces: 1
  • Total Rooms: 8
  • Amenities: Ceiling Fan(s),French Doors,Tile Floors,Walk-In Closet
  • Appliances: Dishwasher,Fuel Tank - Owned,Range,Stainless Steel Appliances
  • Total Rooms: 6
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age Over 8 Years
  • Fencing: Wood
  • Neighborhood: East Harriet
  • PatioPorchType: Rear Porch
  • Lake Acres: 95
  • LakeChain: N
  • Waterfront Frontage: 800

Garage/Parking

  • Parking Features: Attached Garage, Tuckunder Garage
  • Garage Square Feet: 0

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 47x134
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0902824140041
  • Tax Annual Amount: 7515
  • TaxWithAssessments: 7515.0000

Multi Family

  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2019
Sold by
Scott William T and Hara Katherine O
Bought by
Nyagaka John Ogaro
Current Estimated Value
$731,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nyagaka John Ogaro $560,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nyagaka John Ogaro $470,000
Closed Nyagaka John Ogaro $220,000
Closed Nyagaka John Ogaro $220,000
Closed Nyagaka John Ogaro $126,000
Closed Nyagaka John Ogaro $99,000
Closed Nyagaka John Ogaro $476,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2023 05/10/23 Sold $849,000 0.0% $270 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $849,000 -- $270 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $9,038 $642,000 $226,000 $416,000
2022 $7,515 $577,000 $194,000 $383,000
2021 $7,251 $534,500 $162,000 $372,500
2020 $9,447 $534,500 $209,500 $325,000
2019 $9,582 $534,500 $177,200 $357,300
2018 $8,396 $509,000 $177,200 $331,800
2017 $7,741 $413,000 $161,100 $251,900
2016 $7,609 $393,500 $161,100 $232,400
2015 $7,822 $385,500 $161,100 $224,400
2014 -- $335,000 $143,100 $191,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sherri Beier

    Compass

    (612) 812-2952

    1 in this area

    30 Total Sales

    Sherri Beier
    Section Image
  • Nicholas Hall

    Buyer's Agent in 2023

    Nicholas Hall

    Coldwell Banker Burnet

    (612) 275-3474

    1 in this area

    55 Total Sales

    Nicholas Hall
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6349900

NorthstarMLS

APN: 09-028-24-14-0041

Minnesota Hennepin County Minneapolis 55409 East Harriet

4000 Colfax Ave S, Minneapolis, MN

This home is located at 4000 Colfax Ave S, Minneapolis, MN 55409 since 03 April 2023 and is currently estimated at $731,291, approximately $232 per square foot. This property was built in 1923. 4000 Colfax Ave S is a home located in Hennepin County with nearby schools including Barton Elementary School, Justice Page Middle School, and Washburn High School.

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