3003 BENJAMIN ST N E MINNEAPOLIS MN 55418

PID: 0102924440031

Property Overview

Parcel ID0102924440031

Lot Size7,571 sq ft (0.174 ac)

Lot Dimensions (est.)126 ft wide × 60 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerP G MERMELSTEIN & S H KIM

Assessed Value$437,000

Land Value$155,000

Building Value$282,000

Annual Tax$6,664

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $11K total declared value · Most recent: Apr 2023 (res)

ResApr 2023Closed

Warners Stellian Co Inc

ExistresJun 2022Closed

Hero Home Services LLC

MiscJul 2020Closed

$11K

PELLA NORTHLAND

ResDec 2017Closed

CENTERPOINT ENERGY

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth20 ft

Area~4,053 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 4,053 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3007 BENJAMIN ST N E MINNEAPOLIS MN 55418	MARY DILLERUD/CHAD DILLERUD	RESIDENTIAL	$495,500	55 ft
3015 BENJAMIN ST N E MINNEAPOLIS MN 55418	GWEN N STANLEY	RESIDENTIAL	$369,300	104 ft
2959 BENJAMIN ST N E MINNEAPOLIS MN 55418	J & L PARTYKA	RESIDENTIAL	$375,900	111 ft
2955 BENJAMIN ST N E MINNEAPOLIS MN 55418	MARY A PIPER	RESIDENTIAL	$403,100	152 ft
3002 MCKINLEY ST N E MINNEAPOLIS MN 55418	GLORIA DEI LUTHERAN CHURCH	COMMERCIAL-PREFERRED	$0	154 ft
3021 BENJAMIN ST N E MINNEAPOLIS MN 55418	J J ROEMER & J M ROEMER	RESIDENTIAL	$402,500	169 ft
2952 MCKINLEY ST N E MINNEAPOLIS MN 55418	GLORIA DEI EVAN LUTH CHURCH	VACANT LAND-RESIDENTIAL	$0	190 ft
3000 BENJAMIN ST N E MINNEAPOLIS MN 55418	BRUCE L CROSS/JULIE M CROSS	RESIDENTIAL	$329,500	192 ft
3006 BENJAMIN ST N E MINNEAPOLIS MN 55418	DOUGLAS DUWENHOEGGER	RESIDENTIAL	$238,400	194 ft
2949 BENJAMIN ST N E MINNEAPOLIS MN 55418	ZHI YOU KOH/MARY R WETHERALL	RESIDENTIAL	$453,500	202 ft

Property History

Most Recent Sale

Date200101

Price$195,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,664