3022 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 0802924410218

Property Overview

Parcel ID0802924410218

Lot Size5,386 sq ft (0.124 ac)

Lot Dimensions (est.)127 ft wide × 42 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerDANMARK PROPERTIES LLC

Assessed Value$143,400

Land Value$30,000

Building Value$113,400

Annual Tax$2,210

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

3 permits on record since 2025 · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

ExistresMar 2025Closed

Metro Heating & Cooling LLC

ResMar 2025Closed

Metro Heating & Cooling LLC

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

Neighborhood Profile

Jordan · Minneapolis

Median reported rent1,191/mo

Renter-occupied51.1%

Median home value$173K

Vacancy rate6.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1013

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth88 ft

Area~2,821 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 small multifamily (2–4 units, wood frame) benchmarks for 2,821 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3018 THOMAS AVE N MINNEAPOLIS MN 55411	JANA SAMBELASHVILI	RESIDENTIAL	$170,400	42 ft
3026 THOMAS AVE N MINNEAPOLIS MN 55411	EMELIN MOREIRA FUENTES	RESIDENTIAL	$222,000	42 ft
3100 THOMAS AVE N MINNEAPOLIS MN 55411	W S S LLANGARI/C P LLANGARI	RESIDENTIAL	$207,200	84 ft
3014 THOMAS AVE N MINNEAPOLIS MN 55411	SONIA MENDEZ CABRERA	RESIDENTIAL	$161,200	85 ft
3010 THOMAS AVE N MINNEAPOLIS MN 55411	P A ROMERO & E A O ESPINOZA	RESIDENTIAL	$150,600	127 ft
3106 THOMAS AVE N MINNEAPOLIS MN 55411	BAO CHANG	RESIDENTIAL	$344,000	127 ft
3023 SHERIDAN AVE N MINNEAPOLIS MN 55411	KL MN 2 LLC	RESIDENTIAL	$153,800	141 ft
3027 SHERIDAN AVE N MINNEAPOLIS MN 55411	BUSISIWE LEDIBANE HANDS	RESIDENTIAL	$211,000	147 ft
3019 SHERIDAN AVE N MINNEAPOLIS MN 55411	KEITH D MALMER	RESIDENTIAL	$167,400	148 ft
3031 SHERIDAN AVE N MINNEAPOLIS MN 55411	PAMELA J KORMYLO	RESIDENTIAL	$109,000	164 ft

Property History

Most Recent Sale

Date201012

Price$28,750

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$2,210