RealtyLens
for saleRealtyLens property overview
$495,000

2845 Colfax Ave S Unit W402

Minneapolis, MN, 55408
View more Minneapolis, MN property pages
2Beds
2Baths
1,445Sqft
$343$/sqft

Listing Notes

Discover the perfect blend of modern living and unbeatable location with this stunning top-floor condo in Midtown Lofts. Featuring 2 spacious bedrooms, 2 stylishly updated bathrooms, and sleek new flooring throughout, this home is as functional as it is beautiful. The primary suite is a true retreat, boasting a walk-in closet and an ensuite bath for ultimate comfort and privacy. Imagine cozying up by the gas fireplace on chilly evenings, adding a warm and inviting touch to your living space. Step outside to your private balcony, offering a serene escapethe ideal spot for morning coffee or unwinding as the city buzzes below. And the location? Its hard to beat. Nestled right along the Midtown Greenway bike path, this condo is perfect for outdoor enthusiasts and urban adventurers. Plus, you're just blocks away from local favorites like Bryant Lake Bowl and Wrectangle Pizza, where eclectic eats and vibrant nightlife await. Whether youre looking for a chic city retreat or a home that connects you to the best of Minneapolis, this condo truly has it all. Dont miss the opportunity to experience elevated living in the heart of Uptown!

Market Insights

Above nearby median+36%

$343/sqft vs a nearby median of $253/sqft.

Nearby median$253/sqft
Nearby properties12
Property size1,445 sqft
  • +36% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,445 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$385k$352k$418k · 53% confidence
vs ask $495k+$110k (+22.2%)

Asking price is about 22.2% above where comps + adjustments land — there is room to negotiate.

$262/sqft median across 3 tight comps × 1,445 sqft= $379k
  • Modern construction+$6k +1.5%
Cumulative NYC adjustments+$6k+1.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+36% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

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

Diligence Read1 item 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
4 days
Last price change
No change recorded
Listed
May 8, 2026
Photos
28 photos
Property type
condos
Status
for sale

Photos

Price History

May 8, 2026Initial record
$495,000for 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.