5020 THOMAS AVE S MINNEAPOLIS MN 55410

PID: 1702824420006

Property Overview

Parcel ID1702824420006

Lot Size5,134 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerMARY J PTACEK

Assessed Value$536,600

Land Value$298,000

Building Value$238,600

Annual Tax$8,404

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2010 · $78K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$8K

Innovative Basement Authority

ResNov 2022Closed

FIRESIDE HEARTH AND HOME

ExistresFeb 2019Cancelled

SEDGWICK HEATING & AIR CONDITIONING

ExistresFeb 2019Closed

Ray N Welter Heating Co

Building Re-inspectionSep 2010

$70K

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 depth88 ft

Area~2,650 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 2,650 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
5016 THOMAS AVE S MINNEAPOLIS MN 55410	STEPHEN BRADLEY ET AL	RESIDENTIAL	$500,800	40 ft
5024 THOMAS AVE S MINNEAPOLIS MN 55410	ARTHUR ROBERT BROWN II	RESIDENTIAL	$430,500	40 ft
5012 THOMAS AVE S MINNEAPOLIS MN 55410	R M WALKER & A B WALKER	RESIDENTIAL	$930,600	80 ft
5028 THOMAS AVE S MINNEAPOLIS MN 55410	KAREN M B THILL ET AL	RESIDENTIAL	$599,300	89 ft
5008 THOMAS AVE S MINNEAPOLIS MN 55410	L A BRECKENRIDGE & K L OWEN	RESIDENTIAL-TWO UNIT	$561,200	120 ft
5025 UPTON AVE S MINNEAPOLIS MN 55410	UMAR CHOUDRY & MARINA ALEIXO	RESIDENTIAL	$1,164,800	143 ft
5019 UPTON AVE S MINNEAPOLIS MN 55410	CHARLOTTE A RYAN	RESIDENTIAL	$569,800	144 ft
5036 THOMAS AVE S MINNEAPOLIS MN 55410	D BERGESON & K BERGESON	RESIDENTIAL	$962,300	149 ft
5004 THOMAS AVE S MINNEAPOLIS MN 55410	C AGUR & V BELAIR-GAGNON	RESIDENTIAL	$562,400	160 ft
5029 UPTON AVE S MINNEAPOLIS MN 55410	DAVID P DROWN & LISA A BERG	RESIDENTIAL	$502,900	160 ft

Property History

Most Recent Sale

Date199002

Price$95,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,404