3246 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 0802924140059

Property Overview

Parcel ID0802924140059

Lot Size5,105 sq ft (0.117 ac)

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

Year Built1932

Property ClassRESIDENTIAL

OwnerVANCE STROAD ET AL

Assessed Value$225,500

Land Value$32,000

Building Value$193,500

Annual Tax$0

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

No permits found in Minneapolis open data for this parcel.

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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3244 THOMAS AVE N MINNEAPOLIS MN 55412	VANCE STROAD & JUDY STROAD	RESIDENTIAL	$178,000	40 ft
3254 THOMAS AVE N MINNEAPOLIS MN 55412	RAQUEL MAZUR & DYLAN N MAAS	RESIDENTIAL	$255,000	65 ft
2515 33RD AVE N MINNEAPOLIS MN 55412	DEBRA M PETERSON	RESIDENTIAL	$122,000	72 ft
3240 THOMAS AVE N MINNEAPOLIS MN 55412	SISOUVANH FONGSAMOUTH	RESIDENTIAL	$172,000	80 ft
3236 THOMAS AVE N MINNEAPOLIS MN 55412	JOHN MICHAEL ERICKSON	RESIDENTIAL	$149,000	120 ft
3249 SHERIDAN AVE N MINNEAPOLIS MN 55412	SAMUEL SPAID	RESIDENTIAL	$223,900	141 ft
3251 SHERIDAN AVE N MINNEAPOLIS MN 55412	COREY D LEE & QUINNEKA W LEE	RESIDENTIAL	$205,900	147 ft
3245 SHERIDAN AVE N MINNEAPOLIS MN 55412	IRINA KOVALSKY/IGOR KOVALSKY	RESIDENTIAL	$215,900	147 ft
3232 THOMAS AVE N MINNEAPOLIS MN 55412	KELLY MOHR	RESIDENTIAL	$206,900	160 ft
3255 SHERIDAN AVE N MINNEAPOLIS MN 55412	ADAN OLIVAN CORTES	RESIDENTIAL	$263,600	162 ft

Property History

Current Tax Year

Year2026

Tax Due$0