1708 THOMAS PL N MINNEAPOLIS MN 55411

PID: 2102924240070

Property Overview

Parcel ID2102924240070

Lot Size10,709 sq ft (0.246 ac)

Lot Dimensions (est.)103 ft wide × 104 ft deep

Year Built1979

Property ClassRESIDENTIAL

OwnerWILSON SUQUILANDA

Assessed Value$210,300

Land Value$21,000

Building Value$189,300

Annual Tax$2,868

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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 rent1,064/mo

Renter-occupied53.6%

Median home value$230K

Vacancy rate9.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 33

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 width58 ft

Buildable depth117 ft

Area~6,859 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 6,859 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
1700 THOMAS PL N MINNEAPOLIS MN 55411	P MARZAHN/J MARZAHN ET AL	RESIDENTIAL-TWO UNIT	$355,100	62 ft
1714 THOMAS PL N MINNEAPOLIS MN 55411	LOREAN PATTERSON	RESIDENTIAL	$276,200	70 ft
1618 THOMAS PL N MINNEAPOLIS MN 55411	DEREK J TOMHAVE	TRIPLEX	$335,000	116 ft
1612 THOMAS PL N MINNEAPOLIS MN 55411	SOGDIANA LLC	RESIDENTIAL	$167,000	161 ft
1735 8TH AVE N MINNEAPOLIS MN 55411	STEPHANIE M GOODNO	RESIDENTIAL	$211,700	164 ft
1729 8TH AVE N MINNEAPOLIS MN 55411	D THOMAS VALUE PROP LLC	RESIDENTIAL-TWO UNIT	$313,000	171 ft
1725 8TH AVE N MINNEAPOLIS MN 55411	MARY K REED	RESIDENTIAL-TWO UNIT	$334,800	182 ft
1709 THOMAS PL N MINNEAPOLIS MN 55411	NICOLE M HERRON	RESIDENTIAL	$227,200	199 ft
1703 THOMAS PL N MINNEAPOLIS MN 55411	ERIC MAURICE JONES SR	RESIDENTIAL-ZERO LOT LINE	$249,000	205 ft
1606 THOMAS PL N MINNEAPOLIS MN 55411	M J HARGUTH & C HARGUTH	RESIDENTIAL	$185,800	207 ft

Property History

Most Recent Sale

Date202009

Price$229,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,868