1053 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924420006

Property Overview

Parcel ID2902924420006

Lot Size7,579 sq ft (0.174 ac)

Lot Dimensions (est.)110 ft wide × 69 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerJ D GRABOWSKI/M D GRABOWSKI

Assessed Value$536,900

Land Value$249,000

Building Value$287,900

Annual Tax$8,408

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

12 permits on record since 2016 · $72K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Final Inspection

$2K

CREW2 INC

RemodelMar 2025Closed

$7K

Load Bearing Wall Company

MiscOct 2023Closed

$14K

BLUE OX EXTERIORS LLC

ExistresSep 2023Closed

Ray N Welter Heating Co

ResJun 2023Closed

Water Heaters Now 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 width100 ft

Buildable depth29 ft

Area~4,464 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 4,464 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1049 THOMAS AVE S MINNEAPOLIS MN 55405	SARA DALY & JOHN STRHARSKY	RESIDENTIAL	$666,000	48 ft
1057 THOMAS AVE S MINNEAPOLIS MN 55405	TERI HARRIET BENNETT	RESIDENTIAL	$466,900	48 ft
1045 THOMAS AVE S MINNEAPOLIS MN 55405	JUSTIN WING & JESSICA WING	RESIDENTIAL	$847,600	96 ft
1061 THOMAS AVE S MINNEAPOLIS MN 55405	JANICE KEMP WILKINSON REV TR	RESIDENTIAL	$540,000	98 ft
1041 THOMAS AVE S MINNEAPOLIS MN 55405	ELIZABETH M TRUDEAU	RESIDENTIAL	$530,200	144 ft
1082 CEDAR VIEW DR MINNEAPOLIS MN 55405	T J CAVEN & W C MACKENZIE	TOWNHOUSE	$585,300	157 ft
1065 THOMAS AVE S MINNEAPOLIS MN 55405	T C MARSHALL & L E SHAHEEN	RESIDENTIAL	$841,800	170 ft
1080 CEDAR VIEW DR MINNEAPOLIS MN 55405	MARK C FLANNERY	TOWNHOUSE	$590,600	180 ft
1084 CEDAR VIEW DR MINNEAPOLIS MN 55405	VALERIE D MILLER	TOWNHOUSE	$525,400	185 ft
1078 CEDAR VIEW DR MINNEAPOLIS MN 55405	JOHN CORLETT & MARY CORLETT	TOWNHOUSE	$434,400	191 ft

Property History

Most Recent Sale

Date202104

Price$440,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,408