Home › 5001 Thomas Avenue S, Minneapolis, MN 55410 (MLS# 7052362)

5001 Thomas Avenue S, Minneapolis, MN 55410 (MLS# 7052362)

$449,900
5001 Thomas Avenue S
Minneapolis, MN 55410
MLS# 7052362
2 beds  |  2 baths  |  3064 sqft
Welcome to 5001–5003 Thomas Ave—a fantastic duplex just blocks from Lake Harriet, offering the perfect blend of charm, location, and opportunity!
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Welcome to 5001–5003 Thomas Ave—a fantastic duplex just blocks from Lake Harriet, offering the perfect blend of charm, location, and opportunity! 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 5001 Thomas Avenue S, Minneapolis, MN 55410 Individual driveways and 1-car garage for each unit 5001 Thomas Avenue S, Minneapolis, MN 55410

Property Description
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.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 449900
Original List Price: 485000
ListPrice: 449900
List Date: 2026-04-09
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1941
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 2
Baths Total: 2
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
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
Building Information
Finished SqFt Above Ground: 1548
Finished SqFt Below Ground: 182
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
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 400
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: 1
Annual Rent: 17388
Finished SqFt: 774
Full Baths: 1
Monthly Expense: 150
Monthly Rent: 1449
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit 2
Furnished?: No
Lease Expiration Date: 2027-03-01
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 18588
Finished SqFt: 956
Full Baths: 1
Monthly Expense: 150
Monthly Rent: 1649
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Details
Total Units: 2
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

Listing Office: RE/MAX Advantage Plus

Last Updated: October - 09 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Saturday 10th of October 2026 08:37 PM

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