233 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924110156

Property Overview

Parcel ID2902924110156

Lot Size5,101 sq ft (0.117 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerJOHN P HANSON

Assessed Value$514,000

Land Value$189,000

Building Value$325,000

Annual Tax$7,965

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2005 · $151K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresJan 2024Closed

4Front Energy Solutions Inc

MiscOct 2023Closed

$20K

KAUFMAN SHEET METAL ROOFING INC

MiscJun 2023Closed

$10K

STANDARD WATER CONTROL SYSTEMS INC

Building Re-inspectionNov 2005

$120K

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,626 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 2,626 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
237 THOMAS AVE S MINNEAPOLIS MN 55405	K J WHITE & N J MINDERMAN	RESIDENTIAL	$540,700	40 ft
229 THOMAS AVE S MINNEAPOLIS MN 55405	T C MATSON & C B BRISKIN	RESIDENTIAL	$506,100	40 ft
241 THOMAS AVE S MINNEAPOLIS MN 55405	DON ALLEN GREEN	RESIDENTIAL-TWO UNIT	$435,200	80 ft
225 THOMAS AVE S MINNEAPOLIS MN 55405	D J SMITH & K M SMITH	RESIDENTIAL	$431,100	80 ft
245 THOMAS AVE S MINNEAPOLIS MN 55405	LAURA A VAN RIPER	RESIDENTIAL	$369,900	120 ft
221 THOMAS AVE S MINNEAPOLIS MN 55405	Z A KRAMER & C H KRAMER	RESIDENTIAL	$507,800	120 ft
232 SHERIDAN AVE S MINNEAPOLIS MN 55405	K E WILSON & I M WILSON	RESIDENTIAL	$556,000	142 ft
228 SHERIDAN AVE S MINNEAPOLIS MN 55405	D R GRABOW & C I GRABOW	RESIDENTIAL	$294,300	147 ft
236 SHERIDAN AVE S MINNEAPOLIS MN 55405	P W JOHNSTON & B D STROMBERG	RESIDENTIAL	$354,400	147 ft
217 THOMAS AVE S MINNEAPOLIS MN 55405	BETH A THOMPSON REVOC TRUST	RESIDENTIAL	$525,200	159 ft

Property History

Most Recent Sale

Date199402

Price$118,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,965