602 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924130050

Property Overview

Parcel ID2902924130050

Lot Size5,085 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerJEFFREY G DEAN ET AL

Assessed Value$408,800

Land Value$189,000

Building Value$219,800

Annual Tax$6,392

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $20K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscNov 2023Expired

$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 width114 ft

Buildable depth0 ft

Area~2,352 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 2,352 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
604 THOMAS AVE S MINNEAPOLIS MN 55405	LINDSEY M LYRENMANN ET AL	RESIDENTIAL	$589,200	40 ft
608 THOMAS AVE S MINNEAPOLIS MN 55405	ROLAND W LINDSTROM ETAL	RESIDENTIAL	$449,200	80 ft
456 THOMAS AVE S MINNEAPOLIS MN 55405	BRANT KINGMAN	RESIDENTIAL-TWO UNIT	$439,200	100 ft
452 THOMAS AVE S MINNEAPOLIS MN 55405	MATTHEW J SCHUMACHER	RESIDENTIAL-TWO UNIT	$463,100	140 ft
601 UPTON AVE S MINNEAPOLIS MN 55405	ERIN MAUREEN DUFFY TRUST	RESIDENTIAL	$541,200	141 ft
612 THOMAS AVE S MINNEAPOLIS MN 55405	W A MINER & R MILLER	RESIDENTIAL	$470,600	142 ft
605 UPTON AVE S MINNEAPOLIS MN 55405	CAROL ANDERSON & ERICA MOORE	RESIDENTIAL	$394,000	147 ft
628 CEDAR LAKE RD S MINNEAPOLIS MN 55405	J M JOHNSON & M LOOK	RESIDENTIAL	$685,000	161 ft
609 UPTON AVE S MINNEAPOLIS MN 55405	KAROL L SMITH	RESIDENTIAL	$436,000	162 ft
457 UPTON AVE S MINNEAPOLIS MN 55405	B & R HANSON	RESIDENTIAL	$426,400	173 ft

Property History

Current Tax Year

Year2026

Tax Due$6,392