2 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924120129

Property Overview

Parcel ID2902924120129

Lot Size17,072 sq ft (0.392 ac)

Lot Dimensions (est.)128 ft wide × 133 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerJ R BOHNSACK & B A BOHNSACK

Assessed Value$626,900

Land Value$307,000

Building Value$319,900

Annual Tax$10,104

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

6 permits on record since 2018 · $62K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscFeb 2024Closed

$34K

LINDUS CONSTRUCTION

MiscJul 2020Closed

$9K

RENEWAL BY ANDERSEN CORP

ExistresSep 2019Closed

Ray N Welter Heating Co

MiscSep 2018Closed

$19K

LINDUS CONSTRUCTION

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

Neighborhood Profile

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 depth93 ft

Area~10,589 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 10,589 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
12 THOMAS AVE S MINNEAPOLIS MN 55405	AMBER SENN	RESIDENTIAL	$563,900	99 ft
7 UPTON AVE S MINNEAPOLIS MN 55405	SARAH ZANGER	RESIDENTIAL	$415,100	142 ft
3 UPTON AVE S MINNEAPOLIS MN 55405	G L MARTIN & K S HILDEN	RESIDENTIAL	$396,500	148 ft
11 UPTON AVE S MINNEAPOLIS MN 55405	DARRELL A HIEDEMAN ET AL	RESIDENTIAL	$528,800	154 ft
16 THOMAS AVE S MINNEAPOLIS MN 55405	C CASMAER & J P WYNEN	RESIDENTIAL	$476,500	157 ft
15 UPTON AVE S MINNEAPOLIS MN 55405	LAUREN THORNTON	RESIDENTIAL	$491,100	179 ft
7 THOMAS AVE S MINNEAPOLIS MN 55405	S C CAMPBELL & M M CAMPBELL	RESIDENTIAL	$480,100	188 ft
1 THOMAS AVE S MINNEAPOLIS MN 55405	K GARAFFA & A GARAFFA	RESIDENTIAL	$784,000	194 ft
15 THOMAS AVE S MINNEAPOLIS MN 55405	JOHN U DAVID/CARRIE W DAVID	RESIDENTIAL	$417,700	202 ft
20 THOMAS AVE S MINNEAPOLIS MN 55405	MARK R HOLMBERG	RESIDENTIAL	$425,900	207 ft

Property History

Current Tax Year

Year2026

Tax Due$10,104