1029 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924420067

Property Overview

Parcel ID2902924420067

Lot Size8,611 sq ft (0.198 ac)

Lot Dimensions (est.)125 ft wide × 69 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerR FISCHER & S GAY

Assessed Value$675,100

Land Value$262,000

Building Value$413,100

Annual Tax$11,024

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $75K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Cancelled

$17K

TC Builders and Remodelers Inc

MiscOct 2023Closed

$17K

TC Builders and Remodelers Inc

MiscSep 2018Closed

$19K

SCHERER BROTHERS LUMBER CO

ResFeb 2017Closed

Fineline Mechanical Services Inc

RemodelJan 2017Closed

$23K

KINETIC 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth29 ft

Area~5,270 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 5,270 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1033 THOMAS AVE S MINNEAPOLIS MN 55405	I WEISS & J L WILLIAMS	RESIDENTIAL	$586,600	51 ft
1025 THOMAS AVE S MINNEAPOLIS MN 55405	R L BROWN & D M PASMANTER	RESIDENTIAL	$640,900	52 ft
1037 THOMAS AVE S MINNEAPOLIS MN 55405	J W BLASER & L L BLASER	RESIDENTIAL	$600,800	99 ft
1021 THOMAS AVE S MINNEAPOLIS MN 55405	DANIEL K MCDOWELL	RESIDENTIAL	$539,400	105 ft
1063 ANTOINETTE AVE S MINNEAPOLIS MN 55405	SUSAN J JEFFREY	TOWNHOUSE	$468,700	138 ft
1041 THOMAS AVE S MINNEAPOLIS MN 55405	ELIZABETH M TRUDEAU	RESIDENTIAL	$530,200	148 ft
1017 THOMAS AVE S MINNEAPOLIS MN 55405	JAMES A COHEN & LISA COHEN	RESIDENTIAL	$703,000	160 ft
1065 ANTOINETTE AVE S MINNEAPOLIS MN 55405	HANS MADLAND	TOWNHOUSE	$499,700	161 ft
1073 ANTOINETTE AVE S MINNEAPOLIS MN 55405	S FICHTEL & G E FICHTEL	TOWNHOUSE	$467,600	181 ft
1067 ANTOINETTE AVE S MINNEAPOLIS MN 55405	PAUL CHRISTOPHER DUBOIS	TOWNHOUSE	$440,800	181 ft

Property History

Most Recent Sale

Date199305

Price$167,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,024