5048 THOMAS AVE S MINNEAPOLIS MN 55410

PID: 1702824420012

Property Overview

Parcel ID1702824420012

Lot Size5,134 sq ft (0.118 ac)

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

Year Built1923

Property ClassRESIDENTIAL-TWO UNIT

OwnerJ FIELDING/K LARSON ET AL

Assessed Value$604,000

Land Value$298,000

Building Value$306,000

Annual Tax$9,678

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2018 · $100K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Inspection

Jacqueline Fielding

RemodelOct 2025Final Inspection

$78K

WOODCRAFT DESIGN BUILD INC

ResOct 2025Expired

Aqualine Mechanical Inc

ExistresAug 2025Final Inspection

All Climate Mechanical LLC

ResAug 2025Closed

SODERLIN PLUMBING HEATING AND AIR

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

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~2,650 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 sfr / adu benchmarks for 2,650 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5044 THOMAS AVE S MINNEAPOLIS MN 55410	REBECCA A SHELDON	RESIDENTIAL	$565,400	40 ft
5052 THOMAS AVE S MINNEAPOLIS MN 55410	JOSEPH MACKAY/LINDSEY MACKAY	RESIDENTIAL	$512,300	40 ft
5056 THOMAS AVE S MINNEAPOLIS MN 55410	R C & S J JACKSON	RESIDENTIAL	$638,600	79 ft
5040 THOMAS AVE S MINNEAPOLIS MN 55410	M D THORNTON & S T THORNTON	RESIDENTIAL	$615,000	80 ft
5036 THOMAS AVE S MINNEAPOLIS MN 55410	D BERGESON & K BERGESON	RESIDENTIAL	$962,300	131 ft
5051 UPTON AVE S MINNEAPOLIS MN 55410	WILLIAM C WATKINS	RESIDENTIAL-TWO UNIT	$840,000	142 ft
5053 UPTON AVE S MINNEAPOLIS MN 55410	MAUREEN E KERBAUGH	RESIDENTIAL	$398,000	145 ft
5057 UPTON AVE S MINNEAPOLIS MN 55410	R & M TIMPANE	RESIDENTIAL	$550,800	160 ft
5041 UPTON AVE S MINNEAPOLIS MN 55410	THIELMAN LARSON LIVING TRUST	RESIDENTIAL	$1,112,700	166 ft
5100 THOMAS AVE S MINNEAPOLIS MN 55410	G L JOHNSON & J D JOHNSON	RESIDENTIAL	$473,000	177 ft

Property History

Most Recent Sale

Date202504

Price$625,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,678