3907 THOMAS AVE S MINNEAPOLIS MN 55410

PID: 0802824120137

Property Overview

Parcel ID0802824120137

Lot Size5,055 sq ft (0.116 ac)

Lot Dimensions (est.)115 ft wide × 44 ft deep

Year Built1951

Property ClassRESIDENTIAL-TWO UNIT

OwnerRACHEL GEBO/STEVEN NOVOTNY

Assessed Value$894,300

Land Value$344,000

Building Value$550,300

Annual Tax$15,170

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $522K total declared value · Most recent: Jan 2023 (res)

ResJan 2023Expired

Heating and Cooling Two Inc

ResNov 2019Closed

Warners Stellian Co Inc

ResSep 2019Closed

FIRESIDE HEARTH AND HOME

NewresMay 2019Closed

$33K

Genz-Ryan Plumbing and Heating Co

AccessoryApr 2019Closed

$489K

Randall Buffie

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

Neighborhood Profile

Linden Hills · Minneapolis

Median reported rent1,434/mo

Renter-occupied58.4%

Median home value$420K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1091

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth75 ft

Area~2,546 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 small multifamily (2–4 units, wood frame) benchmarks for 2,546 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3903 THOMAS AVE S MINNEAPOLIS MN 55410	THOMAS WILLIAM JACOBS	RESIDENTIAL	$569,400	42 ft
3909 THOMAS AVE S MINNEAPOLIS MN 55410	THERESA L WEST	RESIDENTIAL	$471,600	43 ft
3901 THOMAS AVE S MINNEAPOLIS MN 55410	J E JACOBSON & M J CHANDLER	RESIDENTIAL	$458,900	77 ft
3915 THOMAS AVE S MINNEAPOLIS MN 55410	JASON KARL KEMBERLING TRUST	RESIDENTIAL	$579,200	88 ft
2609 39TH ST W MINNEAPOLIS MN 55410	MICHAEL R BARR	RESIDENTIAL	$424,300	110 ft
3904 SHERIDAN AVE S MINNEAPOLIS MN 55410	D J MCAULIFFE/R E MCAULIFFE	RESIDENTIAL-TWO UNIT	$726,800	127 ft
3908 SHERIDAN AVE S MINNEAPOLIS MN 55410	S R RAKASI & S W PALLE	RESIDENTIAL-TWO UNIT	$692,000	132 ft
3917 THOMAS AVE S MINNEAPOLIS MN 55410	ELIZABETH MYHRE	RESIDENTIAL	$519,100	138 ft
3914 SHERIDAN AVE S MINNEAPOLIS MN 55410	P FOLEY & M L THORKELSON	CONDOMINIUM	$395,000	154 ft
3914 SHERIDAN AVE S MINNEAPOLIS MN 55410	SUSAN S EATON/JAMES R EATON	CONDOMINIUM	$422,000	154 ft

Property History

Most Recent Sale

Date202206

Price$1,300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$15,170