421 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924140159

Property Overview

Parcel ID2902924140159

Lot Size5,108 sq ft (0.117 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerJ S BOHMBACH & T BOHMBACH JR

Assessed Value$652,600

Land Value$189,000

Building Value$463,600

Annual Tax$10,591

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

3 permits on record since 2021 · $10K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ExistresNov 2023Expired

Blue Ox Heating and Air LLC

MiscAug 2021Closed

$10K

SELA ROOFING AND REMODELING 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 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
423 THOMAS AVE S MINNEAPOLIS MN 55405	SUSAN K WUNDERLICH	RESIDENTIAL-TWO UNIT	$475,800	40 ft
417 THOMAS AVE S MINNEAPOLIS MN 55405	JYUN-KAI S HU & C P KNUDSON	RESIDENTIAL	$793,100	40 ft
425 THOMAS AVE S MINNEAPOLIS MN 55405	DALE KENNETH WARNER JR	RESIDENTIAL	$651,100	80 ft
409 THOMAS AVE S MINNEAPOLIS MN 55405	MARK D WILKIE	RESIDENTIAL-TWO UNIT	$493,200	90 ft
433 THOMAS AVE S MINNEAPOLIS MN 55405	GENEVIEVE B MICHEALLACHAIN	RESIDENTIAL	$446,500	120 ft
416 SHERIDAN AVE S MINNEAPOLIS MN 55405	BOYLE TRUST	RESIDENTIAL	$439,100	141 ft
412 SHERIDAN AVE S MINNEAPOLIS MN 55405	SHANNON CONK/KELLY RAMSBURG	RESIDENTIAL	$379,300	147 ft
420 SHERIDAN AVE S MINNEAPOLIS MN 55405	J KESSLER & C KESSLER	RESIDENTIAL	$497,200	147 ft
405 THOMAS AVE S MINNEAPOLIS MN 55405	PAUL TUITE/MARILEE R TUITE	RESIDENTIAL	$487,000	150 ft
437 THOMAS AVE S MINNEAPOLIS MN 55405	CARLEEN A KADLEC	RESIDENTIAL	$390,600	160 ft

Property History

Most Recent Sale

Date200207

Price$346,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,591