2740 Thomas Avenue S

Minneapolis, MN
$ 899,000 Beds 3 Baths 1.5 Sq 2,275
Monthly Estimate* How much can I afford?

Exceptional opportunity on an expansive 85’ x 125’ double lot in sought after Cedar-Isles-Dean neighborhood near Lake of the Isles. Bathed in beautiful natural light, this wide parcel offers remarkable potential for a new construction home that fully maximizes the setting, scale, and surrounding architecture. The existing cottage is undeniably charming, but the true value lies in the land and the ability to create a custom residence in a premier location. With alley access and ample space to design a sun filled home, the lot offers endless layout and lifestyle possibilities. Whether envisioning a modern masterpiece or a timeless classic, this rare, oversized site provides the ideal canvas in a high quality, established neighborhood steps from parks, trails, and the lakes. A prime teardown opportunity for builders, investors, or anyone seeking to build their dream home.

Single Family

  • Price
  • $ 899,000
  • City
  • Minneapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Walton Hills
  • Lot Size
  • 0.23 Acres
  • Zip
  • 55416
  • Sqr Footage
  • 2,275
  • Year Built
  • 1935
  • Taxes
  • $ 12997
  • Style
  • Single Family
  • MLS#
  • 7120408
Listed By: Coldwell Banker Realty - Lakes
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2275
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Asphalt
Appliances Dishwasher,Disposal,Gas Water Heater,Range,Refrigerator
Garage Spaces 1
Pool Features None
Year Built 1935
Electric Circuit Breakers
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Walton Hills
Other Structures Storage Shed
Full Baths 1
Directions Thomas Avenue S between Dean Pkwy and W 28th St.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 12997
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Natural Woodwork,Paneled Doors,Porch,Washer/Dryer Hookup
PostalCity Minneapolis

Interior Features

Basement Partial
Total Fireplaces 2
Fireplace Features Amusement Room,Living Room,Wood Burning
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1868
Half Baths 1
Laundry Features In Basement,Sink
Total Bedrooms 3
Below Grade Finished Area 407
Total Baths 2
Bath Desc 1/2 Basement,Upper Level Full Bath
Dining Room Description Breakfast Area,Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 25x9
Garage Square Feet 254

Exterior Features

Fencing Partial
Parking Features Attached Garage,Tuckunder Garage
Lot Features Public Transit (w/in 6 blks),Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.23
Building Area Total 2676
Lot Dimensions 125x80
Waterfront Y/N No
Foundation Area 1008
Road Frontage Type City Street,Curbs,Paved Streets,Sidewalks
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/3/2026 Listed $899,000

Property vs Zip Code Average in 55416

Price
AVG $480K
$900K
Taxes
AVG $7,720
$12,997
Year Built
AVG 1967
1935
Visits
AVG 125
59
Data Provided by Inside Real Estate®

2740 Thomas Avenue S Minneapolis, MN is a Single Family Home for sale at $899000 with 2275 sqft and a lot size of 0.23 Acres Acre(s). 2740 Thomas Avenue S Minneapolis has 3 bedrooms, 1 baths and was built in 1935. The property's zip code is 55416 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.