424 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924130021

Property Overview

Parcel ID2902924130021

Lot Size6,391 sq ft (0.147 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerDAISY MITCHELL

Assessed Value$538,600

Land Value$207,000

Building Value$331,600

Annual Tax$8,436

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $13K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ResJul 2024Expired

Warners Stellian Co Inc

MiscApr 2024Closed

$13K

Options Exteriors

ExistresApr 2020Closed

Select Mechanical Services Inc

ResMar 2020Closed

B and D Plumbing Heating and A/C Inc

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 width40 ft

Buildable depth88 ft

Area~3,507 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 3,507 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
428 THOMAS AVE S MINNEAPOLIS MN 55405	T KENNEDY & U BEYENDORFF	RESIDENTIAL	$436,800	45 ft
420 THOMAS AVE S MINNEAPOLIS MN 55405	JANET L OLSEN TRUST	RESIDENTIAL	$552,000	48 ft
432 THOMAS AVE S MINNEAPOLIS MN 55405	NADINE THIEL	RESIDENTIAL-TWO UNIT	$499,800	90 ft
416 THOMAS AVE S MINNEAPOLIS MN 55405	CHRISTINA LEE NELSON	RESIDENTIAL	$522,500	93 ft
410 THOMAS AVE S MINNEAPOLIS MN 55405	PAUL SHAPIRO & GARIN STROBL	RESIDENTIAL	$562,300	138 ft
440 THOMAS AVE S MINNEAPOLIS MN 55405	YOUNG HU	RESIDENTIAL	$457,000	140 ft
425 UPTON AVE S MINNEAPOLIS MN 55405	CAROL SLOUGH	RESIDENTIAL	$546,600	141 ft
429 UPTON AVE S MINNEAPOLIS MN 55405	G W HOILAND & E GANTZER	RESIDENTIAL	$475,800	148 ft
421 UPTON AVE S MINNEAPOLIS MN 55405	I EKMANIS & B ANDERSON	RESIDENTIAL	$490,400	149 ft
433 UPTON AVE S MINNEAPOLIS MN 55405	J N TRUJILLO & K RADTKE	RESIDENTIAL	$506,500	165 ft

Property History

Most Recent Sale

Date200801

Price$427,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,436