3425 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 0102924140021

Property Overview

Parcel ID0102924140021

Lot Size6,594 sq ft (0.151 ac)

Lot Dimensions (est.)132 ft wide × 50 ft deep

Year Built1953

Property Class—

OwnerCITY OF LAKES COMM LAND TRST

Assessed Value$269,700

Land Value$129,000

Building Value$140,700

Annual Tax$2,873

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $11K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Final Inspection

$11K

STANDARD WATER CONTROL SYSTEMS INC

ResMay 2025Closed

Dean's Professional Plumbing Inc

ResApr 2025Closed

Dean's Professional Plumbing Inc

ResDec 2017Closed

CENTERPOINT ENERGY

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Minneapolis

Median reported rent1,569/mo

Renter-occupied8.5%

Median home value$294K

Vacancy rate1.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 6.03

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth92 ft

Area~3,674 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on sfr / adu benchmarks for 3,674 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3429 CLEVELAND ST N E MINNEAPOLIS MN 55418	KATHERINE L IGOWSKY	RESIDENTIAL	$333,800	50 ft
3421 CLEVELAND ST N E MINNEAPOLIS MN 55418	E R HALL & C M HALL REV TRS	RESIDENTIAL	$321,800	50 ft
3433 CLEVELAND ST N E MINNEAPOLIS MN 55418	L M SWANSON ET AL W/L EST	RESIDENTIAL	$291,900	100 ft
3415 CLEVELAND ST N E MINNEAPOLIS MN 55418	MARAIS WAKEM/RALEIGH CLARKE	RESIDENTIAL	$291,100	100 ft
3434 BENJAMIN ST N E MINNEAPOLIS MN 55418	M E BOESEN & Z J GOOD	RESIDENTIAL	$337,100	131 ft
3430 BENJAMIN ST N E MINNEAPOLIS MN 55418	K J LANGUMS & K C LANGUMS	RESIDENTIAL	$314,400	141 ft
3444 BENJAMIN ST N E MINNEAPOLIS MN 55418	KATRINA E JOSEPH	RESIDENTIAL	$270,300	143 ft
3439 CLEVELAND ST N E MINNEAPOLIS MN 55418	HENN CTY CLEVELAND ST NE TST	RESIDENTIAL	$269,900	150 ft
3411 CLEVELAND ST N E MINNEAPOLIS MN 55418	JOSHUA ESS & SARAH KAUFMAN	RESIDENTIAL	$395,800	150 ft
3428 BENJAMIN ST N E MINNEAPOLIS MN 55418	ANDREW P SCHAFF	RESIDENTIAL	$381,000	165 ft

Property History

Most Recent Sale

Date202509

Price$181,020

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,873