2411 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 1702924120031

Property Overview

Parcel ID1702924120031

Lot Size4,783 sq ft (0.110 ac)

Lot Dimensions (est.)128 ft wide × 37 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerNHIA LOR & MAI TONG YANG

Assessed Value$242,200

Land Value$20,000

Building Value$222,200

Annual Tax$3,386

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

1 permit on record since 2023 · $28K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$28K

CAPITAL CONSTRUCTION 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width27 ft

Buildable depth89 ft

Area~2,408 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 2,408 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2413 THOMAS AVE N MINNEAPOLIS MN 55411	JASMINE WENCL	RESIDENTIAL-TWO UNIT	$190,800	37 ft
2407 THOMAS AVE N MINNEAPOLIS MN 55411	DUANE M JOHNSON	RESIDENTIAL-TWO UNIT	$271,300	38 ft
2415 THOMAS AVE N MINNEAPOLIS MN 55411	DANIEL J GROHS	RESIDENTIAL	$206,000	74 ft
2401 THOMAS AVE N MINNEAPOLIS MN 55411	JAMES WALDRUP	RESIDENTIAL	$386,000	94 ft
2419 THOMAS AVE N MINNEAPOLIS MN 55411	JERRY LEE HAYES	RESIDENTIAL-TWO UNIT	$275,500	112 ft
2416 UPTON AVE N MINNEAPOLIS MN 55411	B BAYNE & E FITZGERALD	RESIDENTIAL	$269,900	145 ft
2410 UPTON AVE N MINNEAPOLIS MN 55411	A R EGOFSKE & J T GASKELL	RESIDENTIAL	$214,200	150 ft
2421 THOMAS AVE N MINNEAPOLIS MN 55411	FARZANA KHAN	RESIDENTIAL-TWO UNIT	$193,100	150 ft
2422 UPTON AVE N MINNEAPOLIS MN 55411	A STEELE & R JOHNSON	RESIDENTIAL	$187,000	168 ft
2400 UPTON AVE N MINNEAPOLIS MN 55411	DANE MANAGEMENT LLC	LOW INCOME RENTAL	$218,600	179 ft

Property History

Most Recent Sale

Date200107

Price$133,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,386