2007 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 1702924130146

Property Overview

Parcel ID1702924130146

Lot Size5,095 sq ft (0.117 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerHILARY L MUELLER

Assessed Value$209,500

Land Value$21,000

Building Value$188,500

Annual Tax$2,842

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 2025 · Most recent: Apr 2025 (res)

ResApr 2025Closed

Norblom Plumbing Co

ExistresMar 2025Closed

Standard 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 depth87 ft

Area~2,624 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 2,624 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
2001 THOMAS AVE N MINNEAPOLIS MN 55411	MICHAEL H JEUB	RESIDENTIAL	$127,000	39 ft
2011 THOMAS AVE N MINNEAPOLIS MN 55411	JAMES FRUSH	RESIDENTIAL	$135,000	40 ft
2015 THOMAS AVE N MINNEAPOLIS MN 55411	MARY L DEVINE	RESIDENTIAL	$195,000	79 ft
1927 THOMAS AVE N MINNEAPOLIS MN 55411	WALTER BENSON	RESIDENTIAL	$222,500	79 ft
1923 THOMAS AVE N MINNEAPOLIS MN 55411	E VINCENT & S VINCENT	RESIDENTIAL	$205,000	118 ft
2019 THOMAS AVE N MINNEAPOLIS MN 55411	SELMA L LOWERY	RESIDENTIAL	$178,000	119 ft
2006 UPTON AVE N MINNEAPOLIS MN 55411	ESSO PROPERTIES LLC	RESIDENTIAL	$141,000	142 ft
2000 UPTON AVE N MINNEAPOLIS MN 55411	NATASCHA PLOUFFE	RESIDENTIAL	$197,000	148 ft
2010 UPTON AVE N MINNEAPOLIS MN 55411	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	148 ft
2023 THOMAS AVE N MINNEAPOLIS MN 55411	JOHN PENNY	RESIDENTIAL	$222,600	158 ft

Property History

Most Recent Sale

Date201508

Price$138,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,842