3123 ARTHUR ST N E MINNEAPOLIS MN 55418

PID: 0102924410105

Property Overview

Parcel ID0102924410105

Lot Size5,029 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerMARK D ERICKSON

Assessed Value$338,500

Land Value$119,000

Building Value$219,500

Annual Tax$5,014

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $44K total declared value · Most recent: Jul 2021 (misc)

MiscJul 2021Closed

$725

THINK STUCCO

ResMay 2021Closed

MH Plumbing Inc

ExistresApr 2021Closed

Ray N Welter Heating Co

RemodelApr 2021Closed

$36K

R L White Builders Inc

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Waite Park · 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 width30 ft

Buildable depth86 ft

Area~2,571 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 2,571 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3119 ARTHUR ST N E MINNEAPOLIS MN 55418	DANIEL EDELL	RESIDENTIAL	$323,100	40 ft
3127 ARTHUR ST N E MINNEAPOLIS MN 55418	JOHN H EDBERG	RESIDENTIAL	$368,600	40 ft
3115 ARTHUR ST N E MINNEAPOLIS MN 55418	NICOLET SOFIA WILLIAMS-LUCAS	RESIDENTIAL	$246,000	80 ft
3135 ARTHUR ST N E MINNEAPOLIS MN 55418	DONALD & PENNY HON REV TRUST	RESIDENTIAL	$447,200	100 ft
3111 ARTHUR ST N E MINNEAPOLIS MN 55418	KATHERINE MARIEL GIULIANI	RESIDENTIAL	$256,100	120 ft
3122 CLEVELAND ST N E MINNEAPOLIS MN 55418	R N INGALDSON/C MARGARETINI	RESIDENTIAL	$352,000	139 ft
3126 CLEVELAND ST N E MINNEAPOLIS MN 55418	MARLA E EISENBERG	RESIDENTIAL	$309,000	145 ft
3118 CLEVELAND ST N E MINNEAPOLIS MN 55418	MARY ELLEN RANTANEN RV TRUST	RESIDENTIAL	$323,800	145 ft
3114 CLEVELAND ST N E MINNEAPOLIS MN 55418	KATELYN THORESEN	RESIDENTIAL	$322,300	160 ft
3107 ARTHUR ST N E MINNEAPOLIS MN 55418	MELINDA PLATH/DANIEL ARNOLD	RESIDENTIAL	$330,000	160 ft

Property History

Most Recent Sale

Date200412

Price$181,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,014