3244 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 0802924140058

Property Overview

Parcel ID0802924140058

Lot Size5,105 sq ft (0.117 ac)

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

Year Built1928

Property ClassRESIDENTIAL

OwnerVANCE STROAD & JUDY STROAD

Assessed Value$178,000

Land Value$32,000

Building Value$146,000

Annual Tax$2,306

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2024 · $31K total declared value · Most recent: Jun 2025 (remodel)

RemodelJun 2025Closed

$6K

CHUCK A WIEGMANN

MiscDec 2024Closed

$25K

Rize Construction LLC

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 depth88 ft

Area~2,628 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 2,628 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
3240 THOMAS AVE N MINNEAPOLIS MN 55412	SISOUVANH FONGSAMOUTH	RESIDENTIAL	$172,000	40 ft
3246 THOMAS AVE N MINNEAPOLIS MN 55412	VANCE STROAD ET AL	RESIDENTIAL	$225,500	40 ft
3236 THOMAS AVE N MINNEAPOLIS MN 55412	JOHN MICHAEL ERICKSON	RESIDENTIAL	$149,000	80 ft
3254 THOMAS AVE N MINNEAPOLIS MN 55412	RAQUEL MAZUR & DYLAN N MAAS	RESIDENTIAL	$255,000	103 ft
2515 33RD AVE N MINNEAPOLIS MN 55412	DEBRA M PETERSON	RESIDENTIAL	$122,000	108 ft
3232 THOMAS AVE N MINNEAPOLIS MN 55412	KELLY MOHR	RESIDENTIAL	$206,900	120 ft
3245 SHERIDAN AVE N MINNEAPOLIS MN 55412	IRINA KOVALSKY/IGOR KOVALSKY	RESIDENTIAL	$215,900	141 ft
3249 SHERIDAN AVE N MINNEAPOLIS MN 55412	SAMUEL SPAID	RESIDENTIAL	$223,900	147 ft
3241 SHERIDAN AVE N MINNEAPOLIS MN 55412	DONALD HANSEN	RESIDENTIAL	$134,700	147 ft
3228 THOMAS AVE N MINNEAPOLIS MN 55412	TIMOTHY CONNELLY	RESIDENTIAL	$181,100	160 ft

Property History

Most Recent Sale

Date200608

Price$119,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,306