4625 THOMAS AVE N MINNEAPOLIS MN 55412

PID: 1111821330147

Property Overview

Parcel ID1111821330147

Lot Size2,498 sq ft (0.057 ac)

Lot Dimensions (est.)71 ft wide × 35 ft deep

Year Built1961

Property ClassRESIDENTIAL-TWO UNIT

OwnerJENNIFER J MARCUSON

Assessed Value$234,100

Land Value$25,000

Building Value$209,100

Annual Tax$3,344

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2020 · $15K total declared value · Most recent: Nov 2025 (res)

ResNov 2025Inspection

Rascher Plumbing and Heating Inc

ResNov 2025Inspection

Rascher Plumbing and Heating Inc

RemodelNov 2025Final Inspection

$4K

Jennifer Marcuson

ExistresOct 2025Closed

Binder Heating and Air Conditioning Inc

ExistresOct 2025Closed

Binder Heating and Air Conditioning Inc

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

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 width58 ft

Buildable depth0 ft

Area~591 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

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 591 sqft buildable area.

Est. units

Yield on cost

6.1%

Spread

+0.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4631 THOMAS AVE N MINNEAPOLIS MN 55412	LOUIS G BALLWEBER	RESIDENTIAL	$175,100	51 ft
4635 THOMAS AVE N MINNEAPOLIS MN 55412	HOPA G STEVENS	RESIDENTIAL	$190,700	93 ft
2601 OSSEO RD MINNEAPOLIS MN 55412	PUKAL TRUST	VACANT LAND-RESIDENTIAL	$2,000	101 ft
4639 THOMAS AVE N MINNEAPOLIS MN 55412	RAYMOND E KELLY JR	RESIDENTIAL	$237,700	132 ft
4543 THOMAS AVE N MINNEAPOLIS MN 55412	PUKAL TRUST	RESIDENTIAL	$207,000	133 ft
4626 THOMAS AVE N MINNEAPOLIS MN 55412	D T ESTRADA RUIZ ET AL	RESIDENTIAL	$212,000	147 ft
4622 THOMAS AVE N MINNEAPOLIS MN 55412	JUSTIN FRIEDRICH	RESIDENTIAL	$242,200	151 ft
4630 THOMAS AVE N MINNEAPOLIS MN 55412	LOREDA J BERRY	RESIDENTIAL	$275,900	154 ft
4618 THOMAS AVE N MINNEAPOLIS MN 55412	MARY ELLEN ROXIN	RESIDENTIAL	$238,100	165 ft
4634 THOMAS AVE N MINNEAPOLIS MN 55412	LARA L MOLL	RESIDENTIAL	$148,100	170 ft

Property History

Most Recent Sale

Date202208

Price$309,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,344