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3251 Colfax Ave N, Minneapolis, MN, 55412

4beds
2baths
2,571sqft
$230,000
$89price/sqft
$1,969/moest. monthly cost
$78,760/yrincome needed

About This Home

New Carpets, new furnance and new paint.

Getting Around

64
WalkingSomewhat Walkable
49
TransitSome Transit
66
BikeBikeable

Schools

1/10
Cityview CommunityGrades PK-50.4 mi
1/10
Olson Middle SchoolGrades 6-82.3 mi
3/10
Henry Senior High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1926

Materials

  • Roof: Age Over 8 Years
  • Construction materials: Block

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Block,Full

Bedroom

  • Level: Main
  • Area: 110
  • Dimensions: 11x10

Bedroom2

  • Level: Main
  • Area: 121
  • Dimensions: 11x11

Bedroom3

  • Level: Upper
  • Area: 169
  • Dimensions: 13x13

Bedroom4

  • Level: Upper
  • Area: 143
  • Dimensions: 11x13

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Number of fireplaces: 1
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 300
  • Finished area above ground: 1,483

Heating & Cooling

  • Heating features: Baseboard,Boiler
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,571
  • Total interior livable area: 2,571 sqft

Kitchen

  • Level: Main
  • Area: 154
  • Dimensions: 14x11

Living Room

  • Level: Main
  • Area: 208
  • Dimensions: 13x16

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0902924140149
  • Zoning description: Residential-Single Family
  • Foundation area: 1088

Features

  • Levels: One and One Half
  • Stories: 1
  • Fencing: Chain Link

Lot

  • Lot size: 5,662 sqft
  • Features: Corner Lot
  • Lot size dimensions: 40 x 126

Parking

  • Total spaces: 1
  • Parking features: Detached Garage,Concrete,Off Site
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Hail
Strong Wind
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,163$13,956
Home Insurance *$216$2,592
Property Taxes $374$4,488
Electricity $216$2,602
Total$1,969$23,628
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,508/yr
40% on housing$59,070/yr
45% on housing$52,506/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$89This listing

vs Other Active Listings

Avg $/sqft

ZIP 55412$104
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55412$179
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Price change$249,900
2026-04-10Listed for sale$259,900
2025-05-13Listing removed$279,000
2025-04-18Listed for sale$279,000
2009-07-01Sold$25,600
2009-06-27Listed for sale$20,000
2009-06-14Listing removed$20,000
2009-06-07Listed for sale$20,000
2004-12-27Sold$120,900
2003-08-22Sold$160,000

For Sale by Agent

AgentKarson N. Xion
BrokerageTruHomes Realty LLC

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