RealtyLens
for saleRealtyLens property overview
$539,900

3340 Colfax Ave S

Minneapolis, MN, 55408
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5Beds
2Baths
2,115Sqft
$255$/sqft

Listing Notes

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 23 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. Dont miss your chance to own this exceptional property in one of Minneapolis premier locations. A must see opportunity, priced to sell. Dont miss your chance to own this exceptional property in one of Minneapolis premier locations.

Market Insights

Near nearby median-0.4%

$255/sqft vs a nearby median of $256/sqft.

Nearby median$256/sqft
Nearby properties8
Property size2,115 sqft
  • -0.4% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,115 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$542k$493k$591k · 50% confidence
vs ask $540k−$2k (−0.4%)

Asking price is well-anchored to the comp picture (-0.4%). Negotiate on terms, not headline price.

$250/sqft median across 7 tight comps × 2,115 sqft= $529k
  • Pre-war character+$13k +2.5%
Cumulative NYC adjustments+$13k+2.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-0.4% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
2 days
Last price change
No change recorded
Listed
May 10, 2026
Photos
37 photos
Property type
multi family
Status
for sale
Last sold
Jan 8, 2024 · $450,000

Features & Amenities

CarportLaundry RoomBasementSingle StoryUpdated KitchenOpen Floor PlanFloor PlanRental PropertyEfficientInvestment OpportunityLakeOpen Concept Floor PlanOpen ConceptFireplaceDenShopping

Photos

Price History

May 10, 2026Initial record
$539,900for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.