5609 THOMAS AVE S MINNEAPOLIS MN 55410

PID: 2002824140025

Property Overview

Parcel ID2002824140025

Lot Size6,390 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerLAURALEES PROPERTIES LLC

Assessed Value$475,300

Land Value$196,000

Building Value$279,300

Annual Tax$7,277

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2021 · $27K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$11K

Preferred Contracting and Construction

RemodelAug 2023Closed

$12K

Curbio Inc

ResAug 2023Closed

Rightmark LLC

ExistresJun 2023Closed

NORTHERNS ONE HOUR HEATING AND AIR CONDITIONING

MiscJun 2023Closed

$4K

AMDAHL CONSTRUCTION LLC

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

Neighborhood Profile

Armatage · Minneapolis

Median reported rent2,052/mo

Renter-occupied15.4%

Median home value$393K

Vacancy rate2.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 120.01

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth88 ft

Area~3,511 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 sfr / adu benchmarks for 3,511 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5613 THOMAS AVE S MINNEAPOLIS MN 55410	JIABEI QIAN & JESSICA QIAN	RESIDENTIAL	$704,700	50 ft
5605 THOMAS AVE S MINNEAPOLIS MN 55410	MAUREEN E MENIKHEIM	RESIDENTIAL	$387,900	50 ft
5617 THOMAS AVE S MINNEAPOLIS MN 55410	N JONES & K MUTABCHI	RESIDENTIAL	$506,500	100 ft
5601 THOMAS AVE S MINNEAPOLIS MN 55410	P & J HUNNER TRUST	RESIDENTIAL	$1,075,000	103 ft
5610 SHERIDAN AVE S MINNEAPOLIS MN 55410	J DONAGER & N DONAGER	RESIDENTIAL-TWO UNIT	$730,300	142 ft
5621 THOMAS AVE S MINNEAPOLIS MN 55410	MELINDA MARIE WICHMANN	RESIDENTIAL	$448,600	150 ft
5600 SHERIDAN AVE S MINNEAPOLIS MN 55410	SUSAN E WETHERALL	RESIDENTIAL-TWO UNIT	$646,500	163 ft
5616 SHERIDAN AVE S MINNEAPOLIS MN 55410	CYDNEY HAALAND/DYLAN JENSEN	RESIDENTIAL	$431,700	167 ft
5608 THOMAS AVE S MINNEAPOLIS MN 55410	MCINTOSH VENTURES LLC	RESIDENTIAL	$361,000	188 ft
5612 THOMAS AVE S MINNEAPOLIS MN 55410	PANAX REAL ESTATE HOLDINGS	RESIDENTIAL	$408,900	190 ft

Property History

Most Recent Sale

Date202312

Price$525,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,277