2025 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 3202924120022

Property Overview

Parcel ID3202924120022

Lot Size6,801 sq ft (0.156 ac)

Lot Dimensions (est.)142 ft wide × 48 ft deep

Year Built2017

Property ClassRESIDENTIAL

OwnerP BAGGENSTOS/Y T BAGGENSTOS

Assessed Value$1,252,100

Land Value$350,000

Building Value$902,100

Annual Tax$21,938

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $357K total declared value · Most recent: Dec 2025 (remodel)

RemodelDec 2025Final Inspection

$10K

BRS Field Ops, LLC

ResDec 2022Closed

Heating and Cooling Two Inc

ResApr 2018Closed

Warners Stellian Co Inc

ResOct 2017Closed

Air It Indoor Comfort LLC

ExistresSep 2017Closed

Air It Indoor Comfort LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Kenwood · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

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 width39 ft

Buildable depth99 ft

Area~3,838 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 3,838 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2021 THOMAS AVE S MINNEAPOLIS MN 55405	W H STENSRUD & K L STENSRUD	VACANT LAND-RESIDENTIAL	$337,000	49 ft
2029 THOMAS AVE S MINNEAPOLIS MN 55405	THOMAS J NOMELAND TR ET AL	RESIDENTIAL	$829,700	50 ft
2019 THOMAS AVE S MINNEAPOLIS MN 55405	W H STENSRUD & K L STENSRUD	RESIDENTIAL-TWO UNIT	$754,800	95 ft
2512 21ST ST W MINNEAPOLIS MN 55405	ARON LIPKIN	RESIDENTIAL	$518,300	127 ft
2516 21ST ST W MINNEAPOLIS MN 55405	TIMOTHY J MCMANUS	RESIDENTIAL	$537,700	130 ft
2508 21ST ST W MINNEAPOLIS MN 55405	ANNA KATHARINA ZILVERSTAND	RESIDENTIAL	$568,800	140 ft
2015 THOMAS AVE S MINNEAPOLIS MN 55405	RACHEL TAY & NICHOLAS DAVIS	RESIDENTIAL	$1,291,700	144 ft
2038 SHERIDAN AVE S MINNEAPOLIS MN 55405	F C SMETANA & D R CYTRON	RESIDENTIAL	$1,272,000	157 ft
2024 THOMAS AVE S MINNEAPOLIS MN 55405	M HOSTETTER & C SAMARAS	RESIDENTIAL	$742,300	159 ft
2030 SHERIDAN AVE S MINNEAPOLIS MN 55405	KRISTEN S MILLER REVOC TRUST	RESIDENTIAL-TWO UNIT	$1,109,000	170 ft

Property History

Most Recent Sale

Date201701

Price$293,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$21,938