2334 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 1702924110124

Property Overview

Parcel ID1702924110124

Lot Size5,145 sq ft (0.118 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerB J NIGHTINGALE ET AL

Assessed Value$253,000

Land Value$16,000

Building Value$237,000

Annual Tax$3,567

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

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

Permit History

2 permits on record since 2019 · Most recent: Dec 2025 (res)

ResDec 2025Inspection

Warners Stellian Co Inc

ExistresOct 2019Closed

Residential Heating and Air Conditioning Inc

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

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 width30 ft

Buildable depth89 ft

Area~2,658 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 2,658 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2330 THOMAS AVE N MINNEAPOLIS MN 55411	ROSA A ORELLANA	RESIDENTIAL	$197,700	40 ft
2338 THOMAS AVE N MINNEAPOLIS MN 55411	ANNA MARIE PRICHARD	RESIDENTIAL	$264,000	40 ft
2326 THOMAS AVE N MINNEAPOLIS MN 55411	JULIE SCHELLACK	RESIDENTIAL	$204,200	80 ft
2342 THOMAS AVE N MINNEAPOLIS MN 55411	NANCY M TOLEY	RESIDENTIAL	$195,800	81 ft
2322 THOMAS AVE N MINNEAPOLIS MN 55411	KIMECO HENDERSON	RESIDENTIAL	$172,900	120 ft
2346 THOMAS AVE N MINNEAPOLIS MN 55411	KANIA JOHNSON	RESIDENTIAL	$237,700	121 ft
2335 SHERIDAN AVE N MINNEAPOLIS MN 55411	SUE VANG & PA HOUA VANG	RESIDENTIAL-TWO UNIT	$294,700	142 ft
2339 SHERIDAN AVE N MINNEAPOLIS MN 55411	JOHN BINEK	RESIDENTIAL	$237,200	148 ft
2331 SHERIDAN AVE N MINNEAPOLIS MN 55411	CAG MINNESOTA FUND II LLC	RESIDENTIAL	$371,000	148 ft
2318 THOMAS AVE N MINNEAPOLIS MN 55411	BETTY J ALEXANDER	RESIDENTIAL	$186,000	160 ft

Property History

Most Recent Sale

Date199305

Price$1

Type—

Current Tax Year

Year2026

Tax Due$3,567