1015 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 2002924120085

Property Overview

Parcel ID2002924120085

Lot Size10,452 sq ft (0.240 ac)

Lot Dimensions (est.)128 ft wide × 81 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerARLENE B DAVIS

Assessed Value$290,100

Land Value$32,000

Building Value$258,100

Annual Tax$4,186

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2021 · $24K total declared value · Most recent: Aug 2021 (misc)

MiscAug 2021Closed

$24K

SANDSTONE REMODELING 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 rent1,203/mo

Renter-occupied33.4%

Median home value$254K

Vacancy rate1.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 32

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 depth41 ft

Area~5,919 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 5,919 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1007 THOMAS AVE N MINNEAPOLIS MN 55411	ROSALIE A AGUILAR	RESIDENTIAL	$253,200	67 ft
1001 THOMAS AVE N MINNEAPOLIS MN 55411	NANCY MIRIAM MARTINEZ	RESIDENTIAL	$359,000	117 ft
1014 UPTON AVE N MINNEAPOLIS MN 55411	CHRISTOPHER R CHRISTIE	RESIDENTIAL	$275,300	137 ft
1020 UPTON AVE N MINNEAPOLIS MN 55411	SCOTT J WOHLERS	RESIDENTIAL	$319,000	140 ft
1008 UPTON AVE N MINNEAPOLIS MN 55411	CECIL NELSON	RESIDENTIAL	$370,000	151 ft
1025 THOMAS AVE N MINNEAPOLIS MN 55411	CONSTANCE VORK/JASON VORK	RESIDENTIAL	$314,000	154 ft
1000 UPTON AVE N MINNEAPOLIS MN 55411	NICOLE RAMOS & MATTHEW AIKEN	RESIDENTIAL	$231,700	179 ft
1024 UPTON AVE N MINNEAPOLIS MN 55411	VICTOR RIOS/KATHRYN NESDAHL	RESIDENTIAL	$362,100	181 ft
1008 THOMAS AVE N MINNEAPOLIS MN 55411	AUGUSTE BRIHN & KATHY BAKER	RESIDENTIAL	$382,600	184 ft
1004 THOMAS AVE N MINNEAPOLIS MN 55411	J T VAUGHAN & D J VAUGHAN	RESIDENTIAL	$376,000	202 ft

Property History

Most Recent Sale

Date199407

Price$85,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,186