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$400,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 6 Total Beds
  • 2 Car Garage
  • Updated 8 hours ago
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Completely remodeled duplex in 2022 offering the feel and quality of new construction. Nearly every component of the property has been updated, including new roof, siding, windows, doors, trim, flooring, and walls. Both units feature beautifully renovated kitchens with stainless steel appliances, tiled bathrooms, and modern finishes throughout. Major mechanical upgrades include two new high-efficiency furnaces, a new high-efficiency water heater, updated plumbing, and LED lighting throughout the property. This duplex is designed with two spacious units each offering 3 bedrooms, a highly desirable layout for tenants. Each unit also includes its own washer and dryer, with separate basement laundry entrances for convenience. Additional upgrades include new garage doors, stair treads, fresh paint and carpet. Exterior improvements such as east perimeter fencing with double gate, new decking and concrete sidewalk make this property truly move-in ready. A rare opportunity to own a fully updated duplex in Minneapolis with modern systems, strong rental potential, and minimal maintenance for years to come. Unit 1 was occupied by the owner. Unit 2 received $1850 per month rent, and based upon 2022-2024 figures.

Full Property Details for 2635 Colfax Ave N

General

  • Price: $400,000
  • Taxes: $5,533 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7028244
  • Updated: Today (3/4/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: In Basement, In Basement

Exterior

  • Porch/Patio/Deck: Covered, Patio

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Fairmount Park Add
  • Neighborhood: 31
  • Driving Directions: From Lyndale to 26th. Right on Colfax. The property is is on the left/west side.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation Size: 994
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 1,976
  • Above Ground: 1,976 Sq. Ft.
  • Finished Down/Base.: 1,976 Sq. Ft.
  • Year Built: 1900

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 127 x 43
  • Frontage: City Street
  • Zoning: Residential-Multi-Family, Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks)
  • Fencing (Description): Partial, Wood

Financial Considerations

  • Tax Amount: $5,533.36
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: LOT 006 BLOCK 014 FAIRMOUNT PARK ADDN TO MPLS
  • Property ID: 902924440190

Listed by Market Fare LLC

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— 2635 Colfax Ave N —

  • Market Fare LLC

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NMLS#: 1598647

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Schools serving 2635 Colfax Ave N

School District:Minneapolis Public School District
NameGradesDistance
Nellie Stone Johnson Elementary School
807 North 27th Avenue, Minneapolis, MN 55411
PK-50.1 mi
Anwatin Middle Com & Spanish D I
256 Upton Avenue South, Minneapolis, MN 55405
6-82.5 mi
North Academy Senior High
1500 James Avenue North, Minneapolis, MN 55411
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2635 Colfax Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Listed
$400,000
2.56%
MLS
5/12/2022
Sold
$390,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2635 Colfax Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,533
26%
$383,000
12%
2023
$4,402
91%
$343,000
78%
2023
$2,305
—
$193,000
178%
2023
$2,305
-60%
$69,500
1%
2016
$5,722
401%
$69,021
34%
2015
$1,141
25%
$51,581
9%
2014
$913
-3%
$47,221
6%
2013
$937
—
$44,496
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Market Fare LLC

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2635 Colfax Avenue N, Minneapolis, MN 55411 (MLS# 7028244) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 2635 Colfax Avenue N is currently listed for $400,000 and was received on March 04, 2026. Want to learn more about 2635 Colfax Avenue N? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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