447 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924140152

Property Overview

Parcel ID2902924140152

Lot Size5,108 sq ft (0.117 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerD J ARETZ & A C ARETZ

Assessed Value$511,900

Land Value$189,000

Building Value$322,900

Annual Tax$7,931

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

7 permits on record since 2019 · $16K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresJul 2024Expired

Standard Heating and Air Conditioning Inc

ResJun 2024Closed

Warners Stellian Co Inc

MiscNov 2023Closed

$14K

ROYAL RESTORATION INC

ResOct 2023Closed

SODERLIN PLUMBING HEATING AND AIR

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~2,630 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 2,630 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
451 THOMAS AVE S MINNEAPOLIS MN 55405	R SCHMIDT/R JORDAN REV TRUST	RESIDENTIAL	$382,600	40 ft
445 THOMAS AVE S MINNEAPOLIS MN 55405	ALBERT R PANZINO ETAL	RESIDENTIAL	$473,100	40 ft
441 THOMAS AVE S MINNEAPOLIS MN 55405	BETH AMUNDSON	RESIDENTIAL	$448,800	80 ft
453 THOMAS AVE S MINNEAPOLIS MN 55405	RANA PANZINO	RESIDENTIAL	$436,500	98 ft
437 THOMAS AVE S MINNEAPOLIS MN 55405	CARLEEN A KADLEC	RESIDENTIAL	$390,600	120 ft
444 SHERIDAN AVE S MINNEAPOLIS MN 55405	REEDE O WEBSTER	RESIDENTIAL	$494,700	141 ft
440 SHERIDAN AVE S MINNEAPOLIS MN 55405	SCOTT BUTTERS	RESIDENTIAL	$410,100	147 ft
608 CEDAR LAKE RD S MINNEAPOLIS MN 55405	JAMES M TOLLEFSRUD	RESIDENTIAL	$522,000	150 ft
612 CEDAR LAKE RD S MINNEAPOLIS MN 55405	E MOORE & C L ANDERSON	RESIDENTIAL	$550,800	155 ft
433 THOMAS AVE S MINNEAPOLIS MN 55405	GENEVIEVE B MICHEALLACHAIN	RESIDENTIAL	$446,500	160 ft

Property History

Most Recent Sale

Date202307

Price$575,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,931