57 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924110040

Property Overview

Parcel ID2902924110040

Lot Size10,226 sq ft (0.235 ac)

Lot Dimensions (est.)128 ft wide × 80 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerE S & B V ERICKSON

Assessed Value$689,800

Land Value$250,000

Building Value$439,800

Annual Tax$11,295

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · $20K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Expired

$20K

Allied Construction Llc

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 depth40 ft

Area~5,882 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 5,882 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
49 THOMAS AVE S MINNEAPOLIS MN 55405	ERIK MORRISON	RESIDENTIAL	$338,200	60 ft
45 THOMAS AVE S MINNEAPOLIS MN 55405	HANNAH TUTTLE/ALBERT LESTER	RESIDENTIAL	$450,600	110 ft
201 THOMAS AVE S MINNEAPOLIS MN 55405	SUSAN L CUROE REV TRUST	RESIDENTIAL	$515,100	119 ft
52 SHERIDAN AVE S MINNEAPOLIS MN 55405	GEOFF WOLD & KARIN WIKSTEN	RESIDENTIAL	$441,300	143 ft
56 SHERIDAN AVE S MINNEAPOLIS MN 55405	I AMUNDSON & S L SHATILA	RESIDENTIAL	$402,000	143 ft
48 SHERIDAN AVE S MINNEAPOLIS MN 55405	JOSEPH COFFEY & LINDSEY KEMP	RESIDENTIAL	$486,200	154 ft
205 THOMAS AVE S MINNEAPOLIS MN 55405	J R SAWYER & C M BERGQUIST	RESIDENTIAL	$406,200	158 ft
37 THOMAS AVE S MINNEAPOLIS MN 55405	J J LORENZO & A K LORENZO	RESIDENTIAL	$674,000	170 ft
44 SHERIDAN AVE S MINNEAPOLIS MN 55405	ROGER J SCHAFFHAUSEN ET AL	RESIDENTIAL	$501,600	173 ft
200 SHERIDAN AVE S MINNEAPOLIS MN 55405	BRIAN P TIGHT & A M LABONNE	RESIDENTIAL	$378,300	185 ft

Property History

Most Recent Sale

Date199607

Price$180,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,295