3506 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 0802924110189

Property Overview

Parcel ID0802924110189

Lot Size5,086 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerNELI NAULA

Assessed Value$319,000

Land Value$31,000

Building Value$288,000

Annual Tax$4,646

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $49K total declared value · Most recent: Nov 2020 (accessory)

AccessoryNov 2020Closed

$19K

VP CONSTRUCTION OF MINNESOTA

ExistresDec 2019Closed

Heating and Cooling Design Inc

AdditionDec 2019Closed

$5K

VP Construction of Minnesota INC

RemodelDec 2019Closed

$25K

VP Construction of Minnesota INC

ResNov 2019Closed

Barr Web Industries Inc

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

Neighborhood Profile

Cleveland · Minneapolis

Median reported rent2,095/mo

Renter-occupied19.2%

Median home value$227K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1007

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

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 width30 ft

Buildable depth87 ft

Area~2,615 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 2,615 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
3500 THOMAS AVE N MINNEAPOLIS MN 55412	VALERIE JOHN-AMALA	RESIDENTIAL	$211,300	40 ft
3510 THOMAS AVE N MINNEAPOLIS MN 55412	RACHEL HOPE VOIGT	RESIDENTIAL	$136,000	40 ft
3514 THOMAS AVE N MINNEAPOLIS MN 55412	BRENNA BLOOME	RESIDENTIAL	$201,900	80 ft
3516 THOMAS AVE N MINNEAPOLIS MN 55412	BRIAN P KOZICKY	RESIDENTIAL	$226,500	124 ft
3505 SHERIDAN AVE N MINNEAPOLIS MN 55412	ROBERT JOHNSON & ERIC WON	RESIDENTIAL	$289,700	141 ft
3458 THOMAS AVE N MINNEAPOLIS MN 55412	STEVEN R HENDERSON ET AL	RESIDENTIAL	$191,600	150 ft
3515 SHERIDAN AVE N MINNEAPOLIS MN 55412	M T FREEMAN & C L FREEMAN	RESIDENTIAL	$135,000	162 ft
3522 THOMAS AVE N MINNEAPOLIS MN 55412	JESSICA SANTIAGO	RESIDENTIAL	$218,100	174 ft
3519 SHERIDAN AVE N MINNEAPOLIS MN 55412	T C ERICKSON & S J ERICKSON	RESIDENTIAL	$252,000	185 ft
3507 THOMAS AVE N MINNEAPOLIS MN 55412	CALEB O JOHNSON	RESIDENTIAL	$223,000	187 ft

Property History

Most Recent Sale

Date202101

Price$279,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,646