5021 THOMAS AVE S MINNEAPOLIS MN 55410

PID: 1702824410103

Property Overview

Parcel ID1702824410103

Lot Size5,076 sq ft (0.117 ac)

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

Year Built1919

Property ClassRESIDENTIAL

OwnerD L & L A HAGER

Assessed Value$497,700

Land Value$298,000

Building Value$199,700

Annual Tax$7,650

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $39K total declared value · Most recent: May 2025 (res)

ResMay 2025Inspection

Water Heaters Now Inc

AdditionNov 2024Final Inspection

$9K

HAROLD J PIETIG AND SONS INC

AdditionMay 2024Closed

$7K

CASTLE BUILDING & REMODELING INC

MiscAug 2021Closed

$14K

MC EXTERIORS INC

MiscApr 2019Closed

$8K

RENEWAL BY ANDERSEN CORP

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

Neighborhood Profile

Fulton · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

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 width30 ft

Buildable depth87 ft

Area~2,607 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 2,607 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
5025 THOMAS AVE S MINNEAPOLIS MN 55410	M A LUNDQUIST/Z S LUNDQUIST	RESIDENTIAL	$638,500	40 ft
5017 THOMAS AVE S MINNEAPOLIS MN 55410	P B GOLDFARB LISS & G A LISS	RESIDENTIAL	$640,200	40 ft
5029 THOMAS AVE S MINNEAPOLIS MN 55410	LAURIE WILLHITE RV LIV TRUST	RESIDENTIAL	$624,800	80 ft
5015 THOMAS AVE S MINNEAPOLIS MN 55410	STEVEN R WILSON	RESIDENTIAL	$507,000	80 ft
5033 THOMAS AVE S MINNEAPOLIS MN 55410	JANE T TRUHLAR REVOCABLE TR	RESIDENTIAL	$635,800	120 ft
5009 THOMAS AVE S MINNEAPOLIS MN 55410	E BRUBACHER III/L BRUBACHER	RESIDENTIAL	$824,500	120 ft
5016 SHERIDAN AVE S MINNEAPOLIS MN 55410	S B K KASIM & S P ABBAS	RESIDENTIAL-TWO UNIT	$800,400	142 ft
5024 SHERIDAN AVE S MINNEAPOLIS MN 55410	B FANNING & E FANNING	RESIDENTIAL-TWO UNIT	$643,400	151 ft
5037 THOMAS AVE S MINNEAPOLIS MN 55410	C GRANGAARD & J GRANGAARD	RESIDENTIAL	$657,200	160 ft
5005 THOMAS AVE S MINNEAPOLIS MN 55410	SUSAN E JACOBSON	RESIDENTIAL	$502,200	160 ft

Property History

Most Recent Sale

Date199406

Price$152,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,650