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.
Active
Price cut: $100K (6/10)
$899,000
2740 Thomas Ave S, Minneapolis, MN 55416
3beds
2,275sqft
Single Family
Built in 1935
10,018 Square Feet Lot
$843,400 Zestimate®
$395/sqft
$-- HOA
What's special
Alley accessSun filled homeRare oversized site
- 148 days |
- 1,157 |
- 66 |
Zillow last checked:
Listing updated:
Listed by:
Berg Larsen Group - Chad M Larsen 612-968-6030,
Coldwell Banker Realty - Lakes,
Berg Larsen Group - Barry Berg 612-670-3600
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7017154
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 165 Square Feet
- Dimensions: 15x11
Bedroom 2
- Level: Upper
- Area: 90 Square Feet
- Dimensions: 10x9
Bedroom 3
- Level: Upper
- Area: 108 Square Feet
- Dimensions: 12x9
Other
- Level: Lower
- Area: 264 Square Feet
- Dimensions: 22x12
Dining room
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13x9
Family room
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15x15
Informal dining room
- Level: Main
- Area: 77 Square Feet
- Dimensions: 11x7
Kitchen
- Level: Main
- Area: 72 Square Feet
- Dimensions: 9x8
Living room
- Level: Main
- Area: 264 Square Feet
- Dimensions: 22x12
Office
- Level: Main
- Area: 144 Square Feet
- Dimensions: 16x9
Other
- Level: Main
- Area: 150 Square Feet
- Dimensions: 15x10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Range, Refrigerator
- Laundry: In Basement, Sink
Features
- Basement: Partial
- Number of fireplaces: 2
- Fireplace features: Amusement Room, Living Room, Wood Burning
Interior area
- Total structure area: 2,676
- Total interior livable area: 2,275 sqft
- Finished area above ground: 1,868
- Finished area below ground: 407
Property
Parking
- Total spaces: 1
- Parking features: Attached, Tuckunder Garage
- Attached garage spaces: 1
- Details: Garage Dimensions (25x9)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Porch
- Pool features: None
- Fencing: Partial
Lot
- Size: 10,018 Square Feet
- Dimensions: 125 x 80
- Features: Near Public Transit, Tree Coverage - Medium
Details
- Additional structures: Storage Shed
- Foundation area: 1008
- Parcel number: 3202924420038
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Walton Hills
HOA
- Has HOA: No
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $779,400
- Annual tax amount: $12,997
- Date on market: 2/17/2026
- Road surface type: Paved
Estimated market value
$843,400
$801,000 - $886,000
$3,427/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $899,000-10%$395/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7017154 Report a problem | ||
| 2/17/2026 | Listed for sale | $999,000$439/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7017154 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,356 +10.6% | $779,400 +1% |
| 2024 | $11,175 +16.3% | $772,000 -2.5% |
| 2023 | $9,610 -1.9% | $792,000 +14.9% |
| 2022 | $9,799 +15.8% | $689,000 +3% |
| 2021 | $8,462 -7.6% | $669,000 +10% |
| 2020 | $9,161 +8.3% | $608,000 |
| 2019 | $8,462 -7.6% | $608,000 |
| 2018 | $9,161 +4.6% | $608,000 +7% |
| 2017 | $8,761 -2.3% | $568,000 |
| 2016 | $8,971 -3.1% | $568,000 |
| 2015 | $9,254 -4.6% | $568,000 +8.2% |
| 2014 | $9,705 +1.9% | $525,000 |
| 2013 | $9,521 +2.7% | $525,000 |
| 2012 | $9,272 -1.4% | $525,000 -5% |
| 2011 | $9,402 +10.4% | $552,500 -3% |
| 2010 | $8,519 -1.1% | $569,500 |
| 2009 | $8,612 +36.5% | $569,500 +27.5% |
| 2006 | $6,308 +9.7% | $446,700 +15% |
| 2005 | $5,748 +8.4% | $388,500 +15% |
| 2004 | $5,301 +11.2% | $337,900 +12% |
| 2002 | $4,766 -57.6% | $301,700 |
| 2001 | $11,240 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Cedar-Isles-Dean
Nearby schools
GreatSchools rating
- 6/10Kenwood Elementary SchoolGrades: K-5Distance: 0.7 mi
- 1/10Anwatin Middle Com & Spanish D IGrades: 6-8Distance: 1.5 mi
- 3/10North Academy Senior HighGrades: 9-12Distance: 2.9 mi
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