2514 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 3202924130041

Property Overview

Parcel ID3202924130041

Lot Size4,966 sq ft (0.114 ac)

Lot Dimensions (est.)143 ft wide × 35 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerSILBERHORN PARTNERS PROP TR

Assessed Value$981,100

Land Value$387,000

Building Value$594,100

Annual Tax$16,812

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2002 · $261K total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Final Inspection

$12K

Envisioned Concepts Construction

ExistresMay 2023Closed

SEDGWICK HEATING & AIR CONDITIONING

Building Re-inspectionOct 2013

$149K

Building Re-inspectionApr 2002

$100K

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 width38 ft

Buildable depth63 ft

Area~2,538 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 2,538 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2522 THOMAS AVE S MINNEAPOLIS MN 55405	ROBERT J TENNESSEN TRUST	RESIDENTIAL	$1,002,600	40 ft
2510 THOMAS AVE S MINNEAPOLIS MN 55405	N E ANDERSON & E Y L WONG	RESIDENTIAL	$723,800	59 ft
2526 THOMAS AVE S MINNEAPOLIS MN 55405	SUNNY SIK KIM REV TRUST	RESIDENTIAL	$1,351,200	82 ft
2500 THOMAS AVE S MINNEAPOLIS MN 55405	ANNA M TUCZAPEC	RESIDENTIAL	$455,600	122 ft
2565 UPTON AVE S MINNEAPOLIS MN 55405	RICHARD D OLSON TRUSTEE	RESIDENTIAL	$416,500	132 ft
2700 KENILWORTH PL MINNEAPOLIS MN 55405	ALEXANDRA COE & JUDY MEATH	RESIDENTIAL	$2,061,100	141 ft
2716 KENILWORTH PL MINNEAPOLIS MN 55405	L LAUMBACH & T LAUMBACH	RESIDENTIAL	$843,300	147 ft
2720 KENILWORTH PL MINNEAPOLIS MN 55405	HOWARD B CRITTENDEN IV ET AL	RESIDENTIAL	$1,354,900	186 ft
2517 THOMAS AVE S MINNEAPOLIS MN 55405	JEAN C BASSETT WADDINGTON	RESIDENTIAL	$771,300	204 ft
2521 THOMAS AVE S MINNEAPOLIS MN 55405	DEBBIE C TUFTS/ANGELA TUFTS	RESIDENTIAL	$952,000	206 ft

Property History

Most Recent Sale

Date201906

Price$1,182,250

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$16,812