2505 THOMAS AVE S MINNEAPOLIS MN 55405

PID: 3202924130082

Property Overview

Parcel ID3202924130082

Lot Size5,472 sq ft (0.126 ac)

Lot Dimensions (est.)142 ft wide × 39 ft deep

Year Built1935

Property ClassRESIDENTIAL

OwnerJULIE A DARST TRUSTEE

Assessed Value$942,500

Land Value$406,000

Building Value$536,500

Annual Tax$16,081

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $61K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$12K

Summit Construction Group

MiscApr 2024Cancelled

$4K

RENEWAL BY ANDERSEN CORP

ResSep 2023Closed

Hero Home Services LLC

ResMar 2018Closed

Gust Plumbing Inc

ResFeb 2018Closed

WOODLAND STOVES & FIREPLACES

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth97 ft

Area~2,900 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 2,900 sqft buildable area.

Est. units

Yield on cost

1.8%

Spread

-3.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2501 THOMAS AVE S MINNEAPOLIS MN 55405	MARK & JENNIFER C LABOVITZ	RESIDENTIAL	$1,079,200	59 ft
2509 THOMAS AVE S MINNEAPOLIS MN 55405	MARTHA A COOPER REV TR ET AL	RESIDENTIAL	$1,072,800	60 ft
2517 THOMAS AVE S MINNEAPOLIS MN 55405	JEAN C BASSETT WADDINGTON	RESIDENTIAL	$771,300	126 ft
2530 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	M & M APPLEMAN	RESIDENTIAL	$2,167,000	156 ft
2510 SHERIDAN AVE S MINNEAPOLIS MN 55405	JAMES K WITTENBERG TRUSTEE	RESIDENTIAL	$1,667,500	173 ft
2521 THOMAS AVE S MINNEAPOLIS MN 55405	DEBBIE C TUFTS/ANGELA TUFTS	RESIDENTIAL	$952,000	175 ft
2540 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	CAROL ECHO KUNKEL REV TRUST	RESIDENTIAL	$1,482,200	176 ft
2500 THOMAS AVE S MINNEAPOLIS MN 55405	ANNA M TUCZAPEC	RESIDENTIAL	$455,600	177 ft
2532 UPTON AVE S MINNEAPOLIS MN 55405	EMILY LECY/CHRISTIAN A BECK	RESIDENTIAL	$560,600	200 ft
2530 UPTON AVE S MINNEAPOLIS MN 55405	LYNDA ELAYNE BORJESSON	RESIDENTIAL	$823,400	202 ft

Property History

Most Recent Sale

Date199202

Price$270,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$16,081