1012 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 2902924420070

Property Overview

Parcel ID2902924420070

Lot Size10,496 sq ft (0.241 ac)

Lot Dimensions (est.)95 ft wide × 110 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerE EDEVOLD & J EDEVOLD

Assessed Value$696,400

Land Value$218,000

Building Value$478,400

Annual Tax$11,426

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2022 · $19K total declared value · Most recent: Dec 2025 (remodel)

RemodelDec 2025Inspection

$6K

Lake Country Home Improvements LLC

ExistresSep 2025Closed

Air Mechanical Inc

ResSep 2025Closed

South Mechanical Contractors Inc

MiscOct 2022Closed

$14K

SMART BUILDERS 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 width85 ft

Buildable depth70 ft

Area~6,575 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 6,575 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1016 THOMAS AVE S MINNEAPOLIS MN 55405	ARIF A HAMID ET AL	RESIDENTIAL	$644,400	68 ft
1004 THOMAS AVE S MINNEAPOLIS MN 55405	STATE HWY DEPT	VACANT LAND-RESIDENTIAL	$0	69 ft
1024 THOMAS AVE S MINNEAPOLIS MN 55405	PEGGY L & JAMES R ROKALA	RESIDENTIAL	$993,000	137 ft
1005 CEDAR LAKE RD S MINNEAPOLIS MN 55405	MATTHEW DOKKEN/AMY E DOKKEN	RESIDENTIAL	$550,400	194 ft
1025 THOMAS AVE S MINNEAPOLIS MN 55405	R L BROWN & D M PASMANTER	RESIDENTIAL	$640,900	223 ft
1029 THOMAS AVE S MINNEAPOLIS MN 55405	R FISCHER & S GAY	RESIDENTIAL	$675,100	226 ft
1021 THOMAS AVE S MINNEAPOLIS MN 55405	DANIEL K MCDOWELL	RESIDENTIAL	$539,400	229 ft
1033 THOMAS AVE S MINNEAPOLIS MN 55405	I WEISS & J L WILLIAMS	RESIDENTIAL	$586,600	232 ft
1007 CEDAR LAKE RD S MINNEAPOLIS MN 55405	DOUGLAS R PEDERSON ET AL	RESIDENTIAL	$430,000	238 ft
1017 THOMAS AVE S MINNEAPOLIS MN 55405	JAMES A COHEN & LISA COHEN	RESIDENTIAL	$703,000	248 ft

Property History

Most Recent Sale

Date201308

Price$474,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,426