2528 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 1702924110229

Property Overview

Parcel ID1702924110229

Lot Size9,234 sq ft (0.212 ac)

Lot Dimensions (est.)128 ft wide × 72 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerDENNIS SMOYER

Assessed Value$204,300

Land Value$19,000

Building Value$185,300

Annual Tax$2,755

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2020 · $20K total declared value · Most recent: Apr 2021 (misc)

MiscApr 2021Closed

$11K

LEGACY RESTORATION LLC

MiscSep 2020Closed

$9K

LEGACY RESTORATION LLC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth32 ft

Area~5,207 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 5,207 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2522 THOMAS AVE N MINNEAPOLIS MN 55411	A KRUEGER & N DUPRE	RESIDENTIAL	$217,000	56 ft
2518 THOMAS AVE N MINNEAPOLIS MN 55411	CMWM LLC	RESIDENTIAL	$226,400	96 ft
2600 THOMAS AVE N MINNEAPOLIS MN 55411	MARC RADINZEL/DAN W SAUNDERS	RESIDENTIAL	$393,000	131 ft
2514 THOMAS AVE N MINNEAPOLIS MN 55411	KARLA JEAN NELSON	RESIDENTIAL	$191,700	135 ft
2527 SHERIDAN AVE N MINNEAPOLIS MN 55411	TRAVIS ROBINSON	RESIDENTIAL	$211,600	142 ft
2523 SHERIDAN AVE N MINNEAPOLIS MN 55411	ADAM S FAGERNESS	RESIDENTIAL	$203,900	153 ft
2517 SHERIDAN AVE N MINNEAPOLIS MN 55411	MADELINE SIMONE GASPER	RESIDENTIAL	$244,000	171 ft
2510 THOMAS AVE N MINNEAPOLIS MN 55411	MEGAN SCHMIDT	RESIDENTIAL	$200,500	176 ft
2512 26TH AVE N MINNEAPOLIS MN 55411	MICHAEL DORSEY	RESIDENTIAL-TWO UNIT	$317,500	186 ft
2531 THOMAS AVE N MINNEAPOLIS MN 55411	CHRISTOPHER MICHET	RESIDENTIAL	$253,800	188 ft

Property History

Most Recent Sale

Date202407

Price$225,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,755