3301 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 0802924130062

Property Overview

Parcel ID0802924130062

Lot Size5,106 sq ft (0.117 ac)

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

Year Built1922

Property ClassTRIPLEX

OwnerNATHAN H HEDTKE TRUST

Assessed Value$368,400

Land Value$32,000

Building Value$336,400

Annual Tax$6,931

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 2017 · Most recent: Jul 2017 (comnofdbv)

ComnofdbvJul 2017Closed

Doran Enterprises 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

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~2,366 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 2,366 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
3307 THOMAS AVE N MINNEAPOLIS MN 55412	GREGORY GUM & INGELISE LEUNG	RESIDENTIAL	$254,100	40 ft
3311 THOMAS AVE N MINNEAPOLIS MN 55412	MARCY E ANDERSEN	RESIDENTIAL	$230,400	80 ft
3257 THOMAS AVE N MINNEAPOLIS MN 55412	DAVID DAVIES	RESIDENTIAL	$193,000	97 ft
3315 THOMAS AVE N MINNEAPOLIS MN 55412	DANIELLE N LOCASCIO	RESIDENTIAL	$345,000	120 ft
3255 THOMAS AVE N MINNEAPOLIS MN 55412	CHANDRA L DONNELL BERRY	RESIDENTIAL	$156,000	131 ft
3300 UPTON AVE N MINNEAPOLIS MN 55412	MARGARET M JOHNSTONE	RESIDENTIAL	$230,000	141 ft
3306 UPTON AVE N MINNEAPOLIS MN 55412	MARIA PANORA SANIZACA	RESIDENTIAL	$214,700	147 ft
3319 THOMAS AVE N MINNEAPOLIS MN 55412	RBE PROPERTIES LLC	LOW INCOME RENTAL	$178,900	160 ft
3310 UPTON AVE N MINNEAPOLIS MN 55412	KER VANG	RESIDENTIAL	$222,800	163 ft
3251 THOMAS AVE N MINNEAPOLIS MN 55412	HAWKEYE REAL ESTATE INVEST	RESIDENTIAL	$203,200	168 ft

Property History

Most Recent Sale

Date201610

Price$254,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,931