3054 BENJAMIN ST N E MINNEAPOLIS MN 55418

PID: 0102924440042

Property Overview

Parcel ID0102924440042

Lot Size5,045 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerJ J OELRICH/E Y CARPENTER

Assessed Value$351,800

Land Value$130,000

Building Value$221,800

Annual Tax$5,237

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $9K total declared value · Most recent: Jun 2019 (existres)

ExistresJun 2019Closed

Standard Heating and Air Conditioning Inc

ResApr 2018Closed

D & K Plumbing LLC

RemodelApr 2018Closed

$3K

PAYNE WOODWORKING LLC

MiscApr 2017Closed

$6K

GOLD STAR CONTRACTING LLC

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~2,585 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 2,585 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
3058 BENJAMIN ST N E MINNEAPOLIS MN 55418	EDWARD J OLIVER	RESIDENTIAL	$326,600	36 ft
3050 BENJAMIN ST N E MINNEAPOLIS MN 55418	GARY A ARNTSEN	RESIDENTIAL	$351,800	40 ft
3046 BENJAMIN ST N E MINNEAPOLIS MN 55418	T W KORBA & K M MEMORICH	RESIDENTIAL	$376,500	80 ft
3042 BENJAMIN ST N E MINNEAPOLIS MN 55418	A R SNYDER & A E BUCHANAN	RESIDENTIAL	$383,100	120 ft
3051 CLEVELAND ST N E MINNEAPOLIS MN 55418	M&D REAL ESTATE TRUST	RESIDENTIAL	$358,700	141 ft
3055 CLEVELAND ST N E MINNEAPOLIS MN 55418	STEPHEN RESHA LOW	RESIDENTIAL	$374,400	141 ft
3100 BENJAMIN ST N E MINNEAPOLIS MN 55418	DANIELLE S JURICHKO	RESIDENTIAL	$327,600	152 ft
3047 CLEVELAND ST N E MINNEAPOLIS MN 55418	J P MAZUREK & C J MARCACCINI	RESIDENTIAL	$363,700	157 ft
3038 BENJAMIN ST N E MINNEAPOLIS MN 55418	SHANE WEBER & KATRIYA WEBER	RESIDENTIAL	$380,600	159 ft
3043 CLEVELAND ST N E MINNEAPOLIS MN 55418	KATHERINE A JOHNSON	RESIDENTIAL	$370,400	183 ft

Property History

Most Recent Sale

Date202407

Price$423,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,237