927 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 2002924130132

Property Overview

Parcel ID2002924130132

Lot Size5,598 sq ft (0.129 ac)

Lot Dimensions (est.)124 ft wide × 45 ft deep

Year Built1925

Property ClassRESIDENTIAL-TWO UNIT

OwnerESTELENE V BELL

Assessed Value$406,600

Land Value$12,000

Building Value$191,300

Annual Tax$5,660

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width111 ft

Buildable depth5 ft

Area~2,700 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 2,700 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
923 THOMAS AVE N MINNEAPOLIS MN 55411	RITA M JOHNSON	RESIDENTIAL	$269,000	65 ft
2615 OAK PARK AVE N MINNEAPOLIS MN 55411	ALONZO MELTON SR	RESIDENTIAL	$209,600	107 ft
1001 THOMAS AVE N MINNEAPOLIS MN 55411	NANCY MIRIAM MARTINEZ	RESIDENTIAL	$359,000	108 ft
915 THOMAS AVE N MINNEAPOLIS MN 55411	ELIAS C ANDERSON	RESIDENTIAL-TWO UNIT	$351,500	137 ft
2619 OAK PARK AVE N MINNEAPOLIS MN 55411	PHENG X VANG & CHAO VANG	RESIDENTIAL	$340,000	150 ft
1007 THOMAS AVE N MINNEAPOLIS MN 55411	ROSALIE A AGUILAR	RESIDENTIAL	$253,200	158 ft
1000 UPTON AVE N MINNEAPOLIS MN 55411	NICOLE RAMOS & MATTHEW AIKEN	RESIDENTIAL	$231,700	180 ft
926 THOMAS AVE N MINNEAPOLIS MN 55411	C C SEACREST & G R SEACREST	RESIDENTIAL	$514,000	187 ft
2621 OAK PARK AVE N MINNEAPOLIS MN 55411	DANIELLE A DE GREGORY	RESIDENTIAL	$342,000	192 ft
922 THOMAS AVE N MINNEAPOLIS MN 55411	DERRICK C WILLIAMS	RESIDENTIAL	$258,500	192 ft

Property History

Current Tax Year

Year2026

Tax Due$5,660