3055 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 0102924440069

Property Overview

Parcel ID0102924440069

Lot Size6,665 sq ft (0.153 ac)

Lot Dimensions (est.)126 ft wide × 53 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerSTEPHEN RESHA LOW

Assessed Value$374,400

Land Value$147,000

Building Value$227,400

Annual Tax$5,615

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2022 · $16K total declared value · Most recent: Jul 2022 (misc)

MiscJul 2022Closed

$16K

BEAR ROOFING AND EXTERIORS INC

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 depth13 ft

Area~3,433 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 3,433 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3051 CLEVELAND ST N E MINNEAPOLIS MN 55418	M&D REAL ESTATE TRUST	RESIDENTIAL	$358,700	51 ft
3047 CLEVELAND ST N E MINNEAPOLIS MN 55418	J P MAZUREK & C J MARCACCINI	RESIDENTIAL	$363,700	101 ft
3101 CLEVELAND ST N E MINNEAPOLIS MN 55418	T WHITEMARSH & J S DONOVAN	RESIDENTIAL	$400,000	126 ft
3058 BENJAMIN ST N E MINNEAPOLIS MN 55418	EDWARD J OLIVER	RESIDENTIAL	$326,600	139 ft
3054 BENJAMIN ST N E MINNEAPOLIS MN 55418	J J OELRICH/E Y CARPENTER	RESIDENTIAL	$351,800	141 ft
3043 CLEVELAND ST N E MINNEAPOLIS MN 55418	KATHERINE A JOHNSON	RESIDENTIAL	$370,400	146 ft
3050 BENJAMIN ST N E MINNEAPOLIS MN 55418	GARY A ARNTSEN	RESIDENTIAL	$351,800	153 ft
3107 CLEVELAND ST N E MINNEAPOLIS MN 55418	J W NUTT & M N CONRAD-NUTT	RESIDENTIAL	$346,500	166 ft
3046 BENJAMIN ST N E MINNEAPOLIS MN 55418	T W KORBA & K M MEMORICH	RESIDENTIAL	$376,500	174 ft
3039 CLEVELAND ST N E MINNEAPOLIS MN 55418	SABRINA M KEITH	RESIDENTIAL	$290,000	186 ft

Property History

Most Recent Sale

Date201308

Price$225,804

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,615