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$485,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 2 Beds
  • 2 Total Baths
  • 1,730 Sq. Ft.
  • 2 Car Garage
  • Updated 2 days ago
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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.

Full Property Details for 5001 Thomas Ave S

General

  • Price: $485,000
  • Taxes: $7,961 (2025)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7052362
  • Updated: 4/12/2026
  • Added to Site: 5 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Common Area, Lower Level, Laundry Room, Common Area, Lower Level, Laundry Room

Additional Information

  • Shared Amenities: Laundry

Exterior

  • Porch/Patio/Deck: Rear Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Tuckunder Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Reeve Park 3rd Div
  • Neighborhood: 28
  • Driving Directions: 50th to Thomas, S to property

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Full, Partially Finished, Shared Access, Storage Space
  • Foundation Size: 1548
  • Roof: Architectural Shingle, Asphalt
  • Disability Access: None
  • Square Feet: 1,730
  • Above Ground: 1,532 Sq. Ft.
  • Below Ground: 1,532 Sq. Ft.
  • Finished Down/Base.: 3,064 Sq. Ft.
  • Year Built: 1941

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 39 x 127
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Light Tree Coverage

Financial Considerations

  • Operating Expenses: $3,640
  • Tax Amount: $7,961
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash
  • Owner Pays: Insurance, Repairs, Trash Collection
  • Tenant Pays: All Utilities, Cable TV
  • Pays Cable: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 030 BLOCK 004 REEVE PARK 3RD DIV
  • Property ID: 1702824410108

Listed by RE/MAX Advantage Plus

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— 5001 Thomas Ave S —

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Schools serving 5001 Thomas Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lake Harriet Upper School
4912 Vincent Avenue South, Minneapolis, MN 55410
3-50.2 mi
Lake Harriet Lower Elementary School
4030 Chowen Avenue South, Minneapolis, MN 55410
K-21.3 mi
Anthony Middle School
5757 Irving Avenue South, Minneapolis, MN 55419
6-81.2 mi
Southwest High School - SWS
3414 West 47th St, Minneapolis, MN 55408
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5001 Thomas Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/09/2026
Listed
$485,000
2.21%
MLS
9/29/2023
Sold
$474,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5001 Thomas Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,961
17%
$438,000
3%
2023
$6,785
2%
$425,000
3%
2023
$6,641
—
$413,000
6%
2023
$6,641
3%
$390,000
7%
2020
$6,446
5%
$364,500
8%
2019
$6,129
11%
$337,500
12%
2018
$5,530
8%
$301,500
10%
2017
$5,134
2%
$274,000
5%
2016
$5,041
21%
$261,000
6%
2015
$4,151
6%
$247,250
14%
2014
$3,919
-22%
$217,275
-5%
2013
$5,026
—
$228,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5001 Thomas Avenue S, Minneapolis, MN 55410 (MLS# 7052362) is a Duplex property with 2 bedrooms and 0 full bathrooms. 5001 Thomas Avenue S is currently listed for $485,000 and was received on April 09, 2026. Want to learn more about 5001 Thomas Avenue S? Do you have questions about finding other Duplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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