3535 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 0802924120021

Property Overview

Parcel ID0802924120021

Lot Size5,077 sq ft (0.117 ac)

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

Year Built1960

Property ClassRESIDENTIAL

OwnerMARGUERITE ANDERSON

Assessed Value$286,500

Land Value$31,000

Building Value$255,500

Annual Tax$4,106

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2019 · $64K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Closed

Urban Pine Plumbing and Mechanical Inc

AccessorySep 2023Expired

$23K

WESTERN CONSTRUCTION INC

MiscJun 2022Closed

$33K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

MiscJan 2022Closed

$5K

T J EXTERIORS

ResMar 2020Closed

MN Plumbing & Home Services INC

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

Neighborhood Profile

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~2,608 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 2,608 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
3539 THOMAS AVE N MINNEAPOLIS MN 55412	A N KAUFFMANN & A D JARVINEN	RESIDENTIAL	$224,600	40 ft
3531 THOMAS AVE N MINNEAPOLIS MN 55412	MARGARET MELIN	RESIDENTIAL	$203,000	40 ft
3527 THOMAS AVE N MINNEAPOLIS MN 55412	PANHIA SHEILA YANG	RESIDENTIAL	$273,000	80 ft
3543 THOMAS AVE N MINNEAPOLIS MN 55412	ZULEMA VALADEZ	RESIDENTIAL-TWO UNIT	$257,800	81 ft
3547 THOMAS AVE N MINNEAPOLIS MN 55412	SHAWN O NEGUS GREEN	RESIDENTIAL	$158,000	120 ft
3523 THOMAS AVE N MINNEAPOLIS MN 55412	JERMAINE JENNINGS	RESIDENTIAL	$166,000	120 ft
3534 UPTON AVE N MINNEAPOLIS MN 55412	B MCNELIS/D ALVAREZ-MCNELIS	RESIDENTIAL	$273,700	141 ft
3530 UPTON AVE N MINNEAPOLIS MN 55412	R BERNARD WALTERS ET AL	RESIDENTIAL	$127,000	147 ft
3538 UPTON AVE N MINNEAPOLIS MN 55412	POLINA B MONTES DE OCA ET AL	RESIDENTIAL	$213,100	147 ft
3551 THOMAS AVE N MINNEAPOLIS MN 55412	PRABHUKIRAN JOHN MEKALA	RESIDENTIAL	$207,100	159 ft

Property History

Most Recent Sale

Date202002

Price$280,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,106