$485,000
5001 Thomas Avenue S Minneapolis, MN 55410
For Sale MLS# 7052362
2 beds 2 baths 1,730 sq ft Multi-family
Details for 5001 Thomas Avenue S
MLS# 7052362
Description for 5001 Thomas Avenue S, Minneapolis, MN, 55410
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.
Listing Information
Property Type: Multi-family, Duplex Side by Side
Status: Active
Bedrooms: 2
Bathrooms: 2
Lot Size: 0.11 Acres
Square Feet: 1,730 sq ft
Year Built: 1941
Foundation: 1,548 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Reeve Park 3rd Div
Number Of Units Total: 2
County: Hennepin
Days On Market: 58
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: Common Area, Laundry Room, Lower Level
Interior Features
Square Footage above: 1,548 sq ft
Square Footage below: 182 sq ft
Basement: Full, Partial Finished, Shared Access, Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Parking Description: Tuckunder Garage, Attached Garage, Driveway - Asphalt, Garage Door Opener, Garage Sq Ft - 400.0
Exterior: Metal, Vinyl
Roof: Asphalt Shingles, Architectural Shingle
Lot Dimensions: 39x127
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Tree Coverage - Light, Road Frontage - City
Community Features
Association Amenities: Common Laundry Facility
Driving Directions
50th to Thomas, S to property
Financial Considerations
Tenant Pays: All Utilities,Cable T.V.
Owner Pays: Insurance,Maintenance/Repair,Trash
Gross Income: 35976
Expense: 3640
Tax/Property ID: 1702824410108
Tax Amount: 7961
Tax Year: 2025
HomeStead Description: Non-Homesteaded
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5001 Thomas Avenue S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5001 Thomas Avenue S
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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