1017 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924410027

Property Overview

Parcel ID2902924410027

Lot Size7,798 sq ft (0.179 ac)

Lot Dimensions (est.)155 ft wide × 50 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerJAMES A COHEN & LISA COHEN

Assessed Value$703,000

Land Value$230,000

Building Value$473,000

Annual Tax$14,733

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $12K total declared value · Most recent: Dec 2023 (existres)

ExistresDec 2023Expired

Dean's Professional Plumbing Inc

MiscOct 2023Closed

$12K

Harmony Design LLC

ResJun 2022Closed

Warners Stellian Co 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

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 width142 ft

Buildable depth10 ft

Area~1,286 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 1,286 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1021 THOMAS AVE S MINNEAPOLIS MN 55405	DANIEL K MCDOWELL	RESIDENTIAL	$539,400	56 ft
1025 THOMAS AVE S MINNEAPOLIS MN 55405	R L BROWN & D M PASMANTER	RESIDENTIAL	$640,900	108 ft
2523 WAYZATA BLVD MINNEAPOLIS MN 55405	2523 PARTNERS LLC	COMMERCIAL-NON PREFERRED	$3,700,000	121 ft
1029 THOMAS AVE S MINNEAPOLIS MN 55405	R FISCHER & S GAY	RESIDENTIAL	$675,100	160 ft
1059 MADEIRA AVE MINNEAPOLIS MN 55405	J D RODICH/F D BENJAMIN	TOWNHOUSE	$461,200	184 ft
1063 ANTOINETTE AVE S MINNEAPOLIS MN 55405	SUSAN J JEFFREY	TOWNHOUSE	$468,700	200 ft
1004 THOMAS AVE S MINNEAPOLIS MN 55405	STATE HWY DEPT	VACANT LAND-RESIDENTIAL	$0	200 ft
1057 MADEIRA AVE MINNEAPOLIS MN 55405	N A HOFFMAN & A D PHILLIPS	TOWNHOUSE	$446,200	208 ft
1033 THOMAS AVE S MINNEAPOLIS MN 55405	I WEISS & J L WILLIAMS	RESIDENTIAL	$586,600	210 ft
1065 ANTOINETTE AVE S MINNEAPOLIS MN 55405	HANS MADLAND	TOWNHOUSE	$499,700	222 ft

Property History

Most Recent Sale

Date201903

Price$529,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,733