2422 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 1702924110084

Property Overview

Parcel ID1702924110084

Lot Size5,845 sq ft (0.134 ac)

Lot Dimensions (est.)128 ft wide × 46 ft deep

Year Built1936

Property ClassRESIDENTIAL

OwnerMICAH A PULS

Assessed Value$245,500

Land Value$17,000

Building Value$228,500

Annual Tax$3,441

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Willard - Hay · Minneapolis

Median reported rent1,168/mo

Renter-occupied38.0%

Median home value$240K

Vacancy rate9.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1020

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 width35 ft

Buildable depth90 ft

Area~3,140 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 3,140 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2500 THOMAS AVE N MINNEAPOLIS MN 55411	WHITNEY LEWIS	RESIDENTIAL	$155,000	45 ft
2418 THOMAS AVE N MINNEAPOLIS MN 55411	DANIEL GROHS CONTRACTING INC	RESIDENTIAL	$158,300	46 ft
2414 THOMAS AVE N MINNEAPOLIS MN 55411	DENNIS J ANDERSON	RESIDENTIAL	$187,200	91 ft
2506 THOMAS AVE N MINNEAPOLIS MN 55411	DENISE E SLOAN	RESIDENTIAL	$205,500	91 ft
2410 THOMAS AVE N MINNEAPOLIS MN 55411	ALOIS V GROSS	RESIDENTIAL	$215,500	136 ft
2510 THOMAS AVE N MINNEAPOLIS MN 55411	MEGAN SCHMIDT	RESIDENTIAL	$200,500	136 ft
2423 SHERIDAN AVE N MINNEAPOLIS MN 55411	JULLIE BAO VANG/YINPY VANG	RESIDENTIAL-TWO UNIT	$239,700	142 ft
2417 SHERIDAN AVE N MINNEAPOLIS MN 55411	DON VANG	RESIDENTIAL-TWO UNIT	$278,700	147 ft
2501 SHERIDAN AVE N MINNEAPOLIS MN 55411	PHYLLIS J SLOAN	RESIDENTIAL	$237,600	152 ft
2415 SHERIDAN AVE N MINNEAPOLIS MN 55411	NOEL MARTINEZ	RESIDENTIAL	$164,900	166 ft

Property History

Most Recent Sale

Date200210

Price$142,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,441