3018 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 0102924440078

Property Overview

Parcel ID0102924440078

Lot Size6,299 sq ft (0.145 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerRICHARD J WELCH TRUSTEE

Assessed Value$339,000

Land Value$143,000

Building Value$196,000

Annual Tax$5,023

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $7K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Final Inspection

Home Energy Center Inc

MiscJul 2023Closed

$3K

BAYPORT ROOFING AND SIDING LLC

MiscSep 2022Closed

$4K

BAYPORT ROOFING AND SIDING LLC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth86 ft

Area~3,442 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 3,442 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
3024 CLEVELAND ST N E MINNEAPOLIS MN 55418	A L R HALL & M L SLATTERY	RESIDENTIAL	$445,100	50 ft
3014 CLEVELAND ST N E MINNEAPOLIS MN 55418	ANNE BUETHE/NICHOLAS GOATER	RESIDENTIAL	$419,100	50 ft
3030 CLEVELAND ST N E MINNEAPOLIS MN 55418	L SCHREIFELS/H S SCHREIFELS	RESIDENTIAL	$330,100	99 ft
3010 CLEVELAND ST N E MINNEAPOLIS MN 55418	K M LENZ & J M LENZ CANO	RESIDENTIAL	$362,100	105 ft
3021 ARTHUR ST N E MINNEAPOLIS MN 55418	D M BUEGE & R L BERGSTROM	RESIDENTIAL	$367,100	139 ft
3034 CLEVELAND ST N E MINNEAPOLIS MN 55418	M & P FACIUS	RESIDENTIAL	$382,900	144 ft
3025 ARTHUR ST N E MINNEAPOLIS MN 55418	BENJAMIN JAMES CHRISTIANSON	RESIDENTIAL	$413,500	145 ft
3015 ARTHUR ST N E MINNEAPOLIS MN 55418	JENNIFER & PAUL LATHROP	RESIDENTIAL	$373,000	149 ft
3000 CLEVELAND ST N E MINNEAPOLIS MN 55418	J TRACE & S CAPISTRANT	RESIDENTIAL	$413,500	164 ft
3011 ARTHUR ST N E MINNEAPOLIS MN 55418	JOSHUA DIKKEN	RESIDENTIAL	$477,600	168 ft

Property History

Most Recent Sale

Date199911

Price$10,000

Type—

Current Tax Year

Year2026

Tax Due$5,023