4150 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 0502924140107

Property Overview

Parcel ID0502924140107

Lot Size7,441 sq ft (0.171 ac)

Lot Dimensions (est.)125 ft wide × 60 ft deep

Year Built1969

Property ClassAPARTMENT

OwnerKPJ PROPERTIES LLC

Assessed Value$529,000

Land Value$60,800

Building Value$468,200

Annual Tax$10,031

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2024 · $43K total declared value · Most recent: Nov 2024 (roofwind)

RoofwindNov 2024Closed

$43K

WINDOW WORLD

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Victory · Minneapolis

Median reported rent1,398/mo

Renter-occupied17.2%

Median home value$256K

Vacancy rate3.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 3

Market Snapshot

Zip code 55412

Median sale price$247K+2.1% YoY

Median price / sqft$181/sqft

Median days to close30 days

Active listings80

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth84 ft

Area~4,199 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on sfr / adu benchmarks for 4,199 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4142 THOMAS AVE N MINNEAPOLIS MN 55412	BARBARA JEAN ROBINSON	RESIDENTIAL	$298,000	60 ft
4160 THOMAS AVE N MINNEAPOLIS MN 55412	NGHIA & TRANG NGUYEN TRINH	COMMERCIAL-PREFERRED	$605,000	69 ft
4138 THOMAS AVE N MINNEAPOLIS MN 55412	DARRELL A JOHNSON	RESIDENTIAL	$155,700	110 ft
4151 SHERIDAN AVE N MINNEAPOLIS MN 55412	D WALLACE & J WALLACE	RESIDENTIAL	$333,200	140 ft
4147 SHERIDAN AVE N MINNEAPOLIS MN 55412	PAMELA J FINDORFF	RESIDENTIAL	$253,500	144 ft
4155 SHERIDAN AVE N MINNEAPOLIS MN 55412	BRIAN R STEPANIAK	RESIDENTIAL	$258,400	148 ft
4134 THOMAS AVE N MINNEAPOLIS MN 55412	ELIZABETH V MASSA	RESIDENTIAL	$323,000	150 ft
4143 SHERIDAN AVE N MINNEAPOLIS MN 55412	MELISSA LAGE	RESIDENTIAL	$304,500	157 ft
2505 42ND AVE N MINNEAPOLIS MN 55412	NGHIA TRINH	COMMERCIAL-PREFERRED	$300,000	165 ft
4139 SHERIDAN AVE N MINNEAPOLIS MN 55412	TIMARA HARNEY	RESIDENTIAL	$301,400	179 ft

Property History

Most Recent Sale

Date200107

Price$324,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,031