2958 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 0102924440095

Property Overview

Parcel ID0102924440095

Lot Size5,425 sq ft (0.125 ac)

Lot Dimensions (est.)126 ft wide × 43 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerJ RICE & T PETERSEN-RICE

Assessed Value$522,500

Land Value$136,000

Building Value$386,500

Annual Tax$8,167

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $57K total declared value · Most recent: Sep 2023 (remodel)

RemodelSep 2023Closed

$7K

ALL ENERGY SOLAR INC

MiscMay 2023Closed

$2K

RITE-WAY WATERPROOFING

ExistresMay 2021Closed

Hero Home Services LLC

ResDec 2017Closed

CENTERPOINT ENERGY

ExistresNov 2017Closed

Farr Plumbing and Heating 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

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 depth3 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
2954 CLEVELAND ST N E MINNEAPOLIS MN 55418	MASON SULLIVANET AL	RESIDENTIAL-TWO UNIT	$372,400	41 ft
2950 CLEVELAND ST N E MINNEAPOLIS MN 55418	KATHERINE R KIRCHGESSNER	RESIDENTIAL	$346,800	81 ft
3000 CLEVELAND ST N E MINNEAPOLIS MN 55418	J TRACE & S CAPISTRANT	RESIDENTIAL	$413,500	111 ft
2946 CLEVELAND ST N E MINNEAPOLIS MN 55418	MICHAELA GRACE MAUPIN	RESIDENTIAL	$251,500	121 ft
2959 ARTHUR ST N E MINNEAPOLIS MN 55418	JAMIE L KNUTSON	RESIDENTIAL	$250,000	138 ft
2955 ARTHUR ST N E MINNEAPOLIS MN 55418	MARY WACHA	RESIDENTIAL	$278,500	145 ft
2942 CLEVELAND ST N E MINNEAPOLIS MN 55418	JOHN DEDRICK ROEMER	RESIDENTIAL	$301,800	161 ft
2951 ARTHUR ST N E MINNEAPOLIS MN 55418	B R & T M FRUEN	RESIDENTIAL	$345,400	161 ft
3010 CLEVELAND ST N E MINNEAPOLIS MN 55418	K M LENZ & J M LENZ CANO	RESIDENTIAL	$362,100	171 ft
3001 ARTHUR ST N E MINNEAPOLIS MN 55418	A J RIESENBERG/J DUNITZ	RESIDENTIAL	$413,700	171 ft

Property History

Most Recent Sale

Date202202

Price$495,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,167