257 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924110150

Property Overview

Parcel ID2902924110150

Lot Size5,102 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerLISA R GOODMAN

Assessed Value$554,300

Land Value$189,000

Building Value$365,300

Annual Tax$8,733

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2012 · $491K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$22K

LIBERTE CONSTRUCTION LLC

ExistresJul 2024Closed

Standard Heating and Air Conditioning Inc

RemodelDec 2022Closed

$4K

MN Solar

BinbMay 2012

$465K

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 depth0 ft

Area~2,363 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,363 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
253 THOMAS AVE S MINNEAPOLIS MN 55405	KELSEY R QUADE	RESIDENTIAL	$400,200	40 ft
249 THOMAS AVE S MINNEAPOLIS MN 55405	J C REIMNITZ & D VASAN	RESIDENTIAL	$441,100	80 ft
405 THOMAS AVE S MINNEAPOLIS MN 55405	PAUL TUITE/MARILEE R TUITE	RESIDENTIAL	$487,000	110 ft
245 THOMAS AVE S MINNEAPOLIS MN 55405	LAURA A VAN RIPER	RESIDENTIAL	$369,900	120 ft
256 SHERIDAN AVE S MINNEAPOLIS MN 55405	BARRY CHARLES SCHADE	RESIDENTIAL	$505,800	141 ft
252 SHERIDAN AVE S MINNEAPOLIS MN 55405	MARY KATHLEEN DEPEW	RESIDENTIAL	$486,200	147 ft
241 THOMAS AVE S MINNEAPOLIS MN 55405	DON ALLEN GREEN	RESIDENTIAL-TWO UNIT	$435,200	160 ft
248 SHERIDAN AVE S MINNEAPOLIS MN 55405	ADRIAN VERONICA LEWIS	RESIDENTIAL	$502,700	163 ft
409 THOMAS AVE S MINNEAPOLIS MN 55405	MARK D WILKIE	RESIDENTIAL-TWO UNIT	$493,200	170 ft
402 SHERIDAN AVE S MINNEAPOLIS MN 55405	BETH J FRANZEN	RESIDENTIAL	$434,800	173 ft

Property History

Most Recent Sale

Date201710

Price$480,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,733