5001 Thomas Ave S, Minneapolis, MN, 55410
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1941
Materials
- Roof: Architectural Shingle,Asphalt
Type & Style
- Home type: MultiFamily
- Property subType: Duplex Side by Side
Interior
Appliances
- Laundry features: Common Area,Lower Level,Laundry Room
Basement
- Has basement: Yes
- Basement: Full,Partially Finished,Shared Access,Storage Space
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Finished area below ground: 182
- Finished area above ground: 1,548
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 3,064
- Total interior livable area: 3,064 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 1702824410108
- Zoning description: Residential-Multi-Family
- Foundation area: 1548
Features
- Levels: One
- Patio & porch: Rear Porch
Lot
- Lot size: 4,791 sqft
- Features: Tree Coverage - Light
- Lot size dimensions: 39 x 127
Parking
- Total spaces: 2
- Parking features: Attached,Asphalt,Garage Door Opener,Tuckunder Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,452 | $29,424 |
| Home Insurance * | $233 | $2,796 |
| Property Taxes | $685 | $8,220 |
| Electricity | $258 | $3,101 |
| Total | $3,628 | $43,536 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-11 | Listed for sale | $485,000 |
| 2025-12-02 | Listing removed | $479,900 |
| 2025-10-31 | Price change | $479,900 |
| 2025-08-25 | Listed for sale | $489,900 |
| 2025-07-07 | Listing removed | $489,900 |
| 2025-05-08 | Listed for sale | $489,900 |
| 2025-04-30 | Listing removed | $499,900 |
| 2025-02-10 | Listed for sale | $499,900 |
| 2024-08-20 | Listing removed | $499,900 |
| 2024-07-16 | Price change | $499,900 |
| 2024-06-24 | Listed for sale | $515,000 |
| 2024-01-23 | Listing removed | -- |
| 2024-01-09 | Price change | $1,449 |
| 2023-11-29 | Price change | $1,599 |
| 2023-11-13 | Price change | $1,675 |
| 2023-11-06 | Price change | $1,749 |
| 2023-10-23 | Price change | $1,799 |
| 2023-10-13 | Price change | $1,849 |
| 2023-10-01 | Listed for rent | $1,899 |
| 2023-09-29 | Sold | $474,500 |
| 2023-08-29 | Pending sale | $474,900 |
| 2023-08-07 | Price change | $474,900 |
| 2023-07-31 | Listed for sale | $489,900 |
| 2023-06-27 | Listing removed | -- |
| 2023-06-16 | Listed for sale | $489,900 |
| 2020-10-23 | Sold | $400,000 |
| 2013-03-01 | Sold | $285,000 |
| 2011-07-07 | Sold | $265,225 |
| 1999-10-06 | Sold | $160,000 |
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