$7,826 Closing Credit¹
#6715705, Listing office: Fox Realty
$489,900 List price
5001 Thomas Ave S Minneapolis, MN 55410
$5,818
Closing credit¹
1,730 sqft
$283 / sqft
Multi-Family
Property details
About 5001 Thomas Ave S
Fantastic investment opportunity with this duplex in prime Southwest Minneapolis! Just minutes from Lake Harriet, Bde Maka Ska, trails, and parks, this property offers hardwood floors, a bright kitchen & dining area, and a sunroom. Each unit features 1 bed, 1 bath, plus shared basement laundry & storage. Separate garages and driveways add convenience. Ideal for renting both units short- or long-term or living in one while leasing the other!
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Size1,730 sqft
BasementYes
Year built1941
ParkingAttached Garage, Asphalt, Garage Door Opener, Tuckunder Garage
MLS #6657747
Attached garage2 spaces
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage, Asphalt, Garage Door Opener, Tuckunder Garage
- Heating: Forced Air
- List Price: $489,900
- Price/SqFt: $283
- Annual Tax Amount: $6,785
- Tax Year: 2023
- Lot: Few Trees
- Directions: 50th to Thomas, S to property
- Year Built: 1941
- Living Area: 1,730 SqFt
- MLS Number: 6657747
- MLS Name: NORTHSTAR
- Office Name: RE/MAX Advantage Plus
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$489,900
5001 Thomas Ave S
$5,818
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 01, 2023 | Home Sold | $474,500 |
| Oct 27, 2020 | Home Sold | $400,000 |
| Mar 18, 2013 | Home Sold | $285,000 |
| Jul 06, 2011 | Home Sold | $265,224 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $425,000 | $6,785 |
| 2022 | $413,000 | $6,641 |
| 2021 | $390,000 | $6,623 |
| 2020 | $390,000 | $6,378 |
| 2019 | $364,500 | $6,446 |
| 2018 | $337,500 | $6,128 |
| 2017 | $301,500 | $5,530 |
History based on county public records data.
Nearby schools
9
Burroughs Community School
Public District KG-5
0.6 mi
•1601 W 50th St
8
Armatage Elementary School
Public Magnet KG-5
0.8 mi
•2501 W 56th St
9
Kenny Community School
Public District KG-5
1.3 mi
•5720 Emerson Ave S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $109,191. Most Minneapolis, MN residents have annual incomes between $100k-200k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
12%
<35k
35%
35k-100k
37%
100k-200k
16%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
6%
Single, with Kids
32%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
13%
18-34 yrs old
52%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Live Theatre
Music Concerts
Where do the neighbors shop?
Bloomingdales
H&M
Nordstrom Rack
Where do the neighbors go to eat?
Starbucks
Boston Market
Chipotle
What do the neighbors drive?
Audi
Mercedes
Volkswagen
What do the neighbors listen to?
Alternative
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5001 Thomas Ave S
The listing price of 5001 Thomas Ave S property is $489,900.
The property 5001 Thomas Ave S is a multi located in Minneapolis, Minnesota, 55410.
Active Listing: 5001 Thomas Ave S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5001 Thomas Ave S are: Burroughs Community School (GreatSchools Rating 9/10), Armatage Elementary School (GreatSchools Rating 8/10), Kenny Community School (GreatSchools Rating 9/10), Agamim Classical Academy (GreatSchools Rating 7/10), Anthony Community Middle School (GreatSchools Rating 7/10), Stonebridge World School (GreatSchools Rating 1/10), Southwest Senior High School (GreatSchools Rating 6/10), Washburn High School (GreatSchools Rating 6/10), Edina High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $6,785 (source: MLS/based on county public records data).
The last sale was on November 1, 2023 for $474,500 (source: MLS/tax record).
The property 5001 Thomas Ave S is 1,730 SqFt (source: MLS/tax record).
The year of construction for 5001 Thomas Ave S is 1941.
This home is located at 5001 Thomas Ave S in Minneapolis, MN and zip code 55410 in the Fulton neighborhood. This 1,730 square foot home was built in 1941. Features: 0 bathroom. It has been listed on Rocket Homes since February 10, 2025 and is currently priced at $489,900.
In May 2025 more than 641 listings in Minneapolis, MN were sold above the asking price. During the same period more than 220 listings were sold at asking price, while more than 368 were sold below. The inventory of homes for sale in Minneapolis, MN between April and May 2025 increased by 16.4%. In May 2025 median list price was $355,510 and the average listing age was 26 days.
From Rocket Homes Real Estate and based on county public records data.