5001 Thomas Avenue S, Minneapolis, MN 55410

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1941
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1532
Above Ground SqFt: 1532
Below Grd Total SqFt: 1532
Total SqFt: 3064
Foundation Size: 1548
Style: (MF) Duplex Side X Side
Total Finished Sqft: 1730.00
Garage Stalls: 2
Lot Dimensions: 39x127
Acres: 0.11
Assessment Pending: Unknown
# Carport Spaces: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: Full; Partially Finished; Shared Access; Storage Space Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Metal; Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Common Area; Laundry Room; Lower Level Lot Description: Tree Coverage - Light Owner Pays: Insurance; Maintenance/Repair; Trash Collection Parking Characteristics: Garage Door Opener; Tuckunder Garage Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Architectural Shingle; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: One Tenant Pays: All Utilities; Cable TV Unit 1 Amenities: Hardwood Floors; Main Floor Primary Bedroom Unit 1 Appliances: Cooktop; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Informal Dining Room; Kitchen/Dining Room Unit 1 Special Search: Main Floor Bedroom Unit 2 Amenities: Hardwood Floors; Kitchen Center Island; Main Floor Primary Bedroom Unit 2 Appliances: Cooktop; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Informal Dining Room; Kitchen/Dining Room Unit 2 Special Search: Main Floor Bedroom Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 485000
ListPrice: 485000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5001
Street Name: Thomas
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55410
Complex/Dev/Subdivision: Reeve Park 3rd Div

Assessments

Tax With Assessments: 7961
Assessment Balance: 0
Assessment Installment: 0

Building Information

Finished SqFt Above Ground: 1548
Finished SqFt Below Ground: 182

More Information

Income and Expenses

Annual Electric Expense: 480
Annual Fuel Expense: 460
Annual Gross Expenses: 3640
Annual Gross Income: 35976
Annual Insurance Expense: 1500
Annual Net Income: 32336
Annual Trash Expense: 600
Annual Water/Sewer Expense: 600
Total Annual Expenses: 3640
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 400
Garage Door Opener: Yes
Tuckunder Garage: Yes

Public Survey Info

Range#: 24
Section#: 17
Township#: 28

Unit 1

Furnished?: No
Lease Expiration Date: 2027-02-01
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 17388
Finished SqFt: 774
Full Baths: Yes
Monthly Expense: 150
Monthly Rent: 1449
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2026-03-01
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 18588
Finished SqFt: 956
Full Baths: Yes
Monthly Expense: 150
Monthly Rent: 1549
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 030 BLOCK 004 REEVE PARK 3RD DIV
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 5027
Property ID Number: 1702824410108
Tax Year: 2025
Tax Amount: 7961
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: A standout opportunity in sought-after Southwest Minneapolis, this duplex offers both flexibility and strong investment appeal. Ideally located just minutes from Lake Harriet, Bde Maka Ska, scenic trails, and neighborhood parks, the property combines location with livability. Inside, you’ll find hardwood floors, sun-filled living spaces, a bright kitchen with adjoining dining area, and a cozy sunroom in each unit. Both units include 1 bedroom and 1 bath, along with access to shared basement laundry and ample storage. Separate garages and driveways provide added convenience, making this an excellent option for owner-occupants or investors looking to rent out one or both units short- or long-term.
Directions: 50th to Thomas, S to property

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Basement

Full: Yes
Partially Finished: Yes
Shared Access: Yes
Storage Space: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Metal: Yes
Vinyl: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

Common Area: Yes
Laundry Room: Yes
Lower Level: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Insurance: Yes
Maintenance/Repair: Yes
Trash Collection: Yes

Patio, Porch and Deck Features

Rear Porch: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Architectural Shingle: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

All Utilities: Yes
Cable TV: Yes

Unit 1 Amenities

Hardwood Floors: Yes
Main Floor Primary Bedroom: Yes

Unit 1 Appliances

Cooktop: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Informal Dining Room: Yes
Kitchen/Dining Room: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes

Unit 2 Amenities

Hardwood Floors: Yes
Kitchen Center Island: Yes
Main Floor Primary Bedroom: Yes

Unit 2 Appliances

Cooktop: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes
Kitchen/Dining Room: Yes

Unit 2 Special Search

Main Floor Bedroom: Yes