3501 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 0802924120028

Property Overview

Parcel ID0802924120028

Lot Size5,076 sq ft (0.117 ac)

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

Year Built2021

Property ClassRESIDENTIAL

OwnerMARTIN RICHMOND

Assessed Value$443,000

Land Value$31,000

Building Value$412,000

Annual Tax$6,702

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $348K total declared value · Most recent: Dec 2022 (remodel)

RemodelDec 2022Closed

$8K

ALL ENERGY SOLAR INC

NewresJan 2022Closed

$22K

SEDGWICK HEATING & AIR CONDITIONING

NewresJun 2021Closed

$19K

Wenzel-Plymouth Plumbing LLC

ResApr 2021Closed

Wenzel-Plymouth Plumbing LLC

NewApr 2021Closed

$300K

MARTIN RICHMOND

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth0 ft

Area~2,346 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,346 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3507 THOMAS AVE N MINNEAPOLIS MN 55412	CALEB O JOHNSON	RESIDENTIAL	$223,000	50 ft
3515 THOMAS AVE N MINNEAPOLIS MN 55412	JULI ANN SPERIDON	RESIDENTIAL	$257,500	109 ft
3455 THOMAS AVE N MINNEAPOLIS MN 55412	JOSE MIGUEL PESANTEZ MERCHAN	RESIDENTIAL-TWO UNIT	$275,300	113 ft
3500 UPTON AVE N MINNEAPOLIS MN 55412	DANIEL GROHS	RESIDENTIAL	$216,000	141 ft
3506 UPTON AVE N MINNEAPOLIS MN 55412	S O'SULLIVAN ET AL SUBJ/L E	RESIDENTIAL	$124,000	146 ft
3519 THOMAS AVE N MINNEAPOLIS MN 55412	ANDREW CHRISTIAN MEIER	RESIDENTIAL	$210,100	159 ft
3510 UPTON AVE N MINNEAPOLIS MN 55412	A RAMASWAMI/N A SCHUMACHER	RESIDENTIAL	$243,100	161 ft
3449 THOMAS AVE N MINNEAPOLIS MN 55412	JOHN HUNTER & TINA HUNTER	RESIDENTIAL	$228,200	162 ft
3454 UPTON AVE N MINNEAPOLIS MN 55412	K P CAPRINI & N CAPRINI	RESIDENTIAL	$197,000	170 ft
3514 UPTON AVE N MINNEAPOLIS MN 55412	MARY B FELS	RESIDENTIAL	$224,100	185 ft

Property History

Most Recent Sale

Date202008

Price$26,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,702