923 THOMAS AVE N MINNEAPOLIS MN 55411

PID: 2002924130133

Property Overview

Parcel ID2002924130133

Lot Size10,450 sq ft (0.240 ac)

Lot Dimensions (est.)124 ft wide × 84 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerRITA M JOHNSON

Assessed Value$269,000

Land Value$31,000

Building Value$238,000

Annual Tax$3,834

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

4 permits on record since 2018 · $31K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$4K

LIBERTE CONSTRUCTION LLC

MiscSep 2023Closed

$24K

LIBERTE CONSTRUCTION LLC

ResNov 2018Closed

Urban Pine Plumbing and Mechanical Inc

MiscJul 2018Closed

$3K

SUSTAINABLE RESOURCES CENTER 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 rent1,203/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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width74 ft

Buildable depth84 ft

Area~6,241 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 6,241 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
927 THOMAS AVE N MINNEAPOLIS MN 55411	ESTELENE V BELL	RESIDENTIAL-TWO UNIT	$406,600	65 ft
915 THOMAS AVE N MINNEAPOLIS MN 55411	ELIAS C ANDERSON	RESIDENTIAL-TWO UNIT	$351,500	72 ft
2615 OAK PARK AVE N MINNEAPOLIS MN 55411	ALONZO MELTON SR	RESIDENTIAL	$209,600	99 ft
911 THOMAS AVE N MINNEAPOLIS MN 55411	PERRY NIXON & REBECCA NIXON	RESIDENTIAL-TWO UNIT	$316,600	130 ft
2619 OAK PARK AVE N MINNEAPOLIS MN 55411	PHENG X VANG & CHAO VANG	RESIDENTIAL	$340,000	145 ft
912 UPTON AVE N MINNEAPOLIS MN 55411	ANGELIQUE & BERNEST BROWN JR	RESIDENTIAL	$219,700	159 ft
1001 THOMAS AVE N MINNEAPOLIS MN 55411	NANCY MIRIAM MARTINEZ	RESIDENTIAL	$359,000	172 ft
908 UPTON AVE N MINNEAPOLIS MN 55411	AIMEE DOAN & SETH T WILHELM	RESIDENTIAL	$363,700	181 ft
907 THOMAS AVE N MINNEAPOLIS MN 55411	DELORES M RASMUSSEN ET AL	RESIDENTIAL	$218,100	184 ft
2621 OAK PARK AVE N MINNEAPOLIS MN 55411	DANIELLE A DE GREGORY	RESIDENTIAL	$342,000	188 ft

Property History

Most Recent Sale

Date201002

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,834