2740 Thomas Avenue SMinneapolis, MN 55416
$899,000
3 bedrooms · 2 bathrooms · 2,275 finished sq ft · 0.23 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1935
- Bedrooms
- 3
- Bathrooms
- 2
- Finished sq ft
- 2,275
- Lot
- 0.23 acres
- Garage
- 1 stalls
- Basement
- Partial
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Property taxes
- $12,997 a year
- Listed
- August 3, 2026
- MLS number
- 7120408
Listing courtesy of Coldwell Banker Realty - Lakes (Berg Larsen Group - Chad M Larsen). MLS #7120408.
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How it compares
2740 Thomas Avenue S, Minneapolis, MN 55416 is a 3-bedroom single-family home built in 1935 in Cedar-Isles-Dean, listed for $899,000 on August 3, 2026 by Coldwell Banker Realty - Lakes. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $395 per square foot here against $207 for the group). That works out to $395 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:09 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Cedar-Isles-Dean, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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