2501 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 3202924130036

Property Overview

Parcel ID3202924130036

Lot Size8,608 sq ft (0.198 ac)

Lot Dimensions (est.)132 ft wide × 65 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerMARK & JENNIFER C LABOVITZ

Assessed Value$1,079,200

Land Value$491,000

Building Value$588,200

Annual Tax$18,872

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $7K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$7K

Roof Co NA Inc

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresJan 2021Closed

Marsh Heating & Air Conditioning Co Inc

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width119 ft

Buildable depth25 ft

Area~4,389 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 sfr / adu benchmarks for 4,389 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2505 THOMAS AVE S MINNEAPOLIS MN 55405	JULIE A DARST TRUSTEE	RESIDENTIAL	$942,500	59 ft
2509 THOMAS AVE S MINNEAPOLIS MN 55405	MARTHA A COOPER REV TR ET AL	RESIDENTIAL	$1,072,800	119 ft
2510 SHERIDAN AVE S MINNEAPOLIS MN 55405	JAMES K WITTENBERG TRUSTEE	RESIDENTIAL	$1,667,500	136 ft
2530 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	M & M APPLEMAN	RESIDENTIAL	$2,167,000	149 ft
2530 UPTON AVE S MINNEAPOLIS MN 55405	LYNDA ELAYNE BORJESSON	RESIDENTIAL	$823,400	155 ft
2506 SHERIDAN AVE S MINNEAPOLIS MN 55405	BENJAMIN WOLKE & AMY COOPER	RESIDENTIAL	$1,104,300	158 ft
2532 UPTON AVE S MINNEAPOLIS MN 55405	EMILY LECY/CHRISTIAN A BECK	RESIDENTIAL	$560,600	163 ft
2526 UPTON AVE S MINNEAPOLIS MN 55405	SARAI MICKMAN BRENNER	RESIDENTIAL	$834,300	170 ft
2517 THOMAS AVE S MINNEAPOLIS MN 55405	JEAN C BASSETT WADDINGTON	RESIDENTIAL	$771,300	183 ft
2520 UPTON AVE S MINNEAPOLIS MN 55405	A COLIANNI III & S COLIANNI	RESIDENTIAL	$897,500	189 ft

Property History

Most Recent Sale

Date199307

Price$207,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$18,872