2959 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 0102924440150

Property Overview

Parcel ID0102924440150

Lot Size5,405 sq ft (0.124 ac)

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

Year Built1940

Property ClassRESIDENTIAL

OwnerC J THELEN/B C LEOPOLD RE TR

Assessed Value$466,100

Land Value$135,000

Building Value$331,100

Annual Tax$7,151

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2007 · $52K total declared value · Most recent: Sep 2021 (res)

ResSep 2021Closed

Hero Home Services LLC

ResOct 2018Expired

Warners Stellian Co Inc

ResApr 2018Closed

CENTERPOINT ENERGY

RemodelMar 2017Closed

$2K

DAVID SCHLAGEL CONSTRUCTION

ExistresDec 2016Closed

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 depth3 ft

Area~2,571 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 2,571 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
2955 CLEVELAND ST N E MINNEAPOLIS MN 55418	P MATHIESEN & A WARREN	RESIDENTIAL	$372,300	41 ft
2951 CLEVELAND ST N E MINNEAPOLIS MN 55418	G M RITSCHEL & K KIRK	RESIDENTIAL	$430,400	81 ft
3001 CLEVELAND ST N E MINNEAPOLIS MN 55418	JON KRAWCZYNSKI	RESIDENTIAL	$339,900	101 ft
2947 CLEVELAND ST N E MINNEAPOLIS MN 55418	JENNIFER LOSCALZO	RESIDENTIAL	$312,600	121 ft
2956 BENJAMIN ST N E MINNEAPOLIS MN 55418	R B GUERRERO & S B CROSS	RESIDENTIAL	$348,200	138 ft
3007 CLEVELAND ST N E MINNEAPOLIS MN 55418	SARAH ELAINE TRIMBLE	RESIDENTIAL	$283,000	141 ft
2950 BENJAMIN ST N E MINNEAPOLIS MN 55418	M JACOBSON & J JACOBSON	RESIDENTIAL	$425,300	149 ft
2943 CLEVELAND ST N E MINNEAPOLIS MN 55418	CODY J TORCHIA-LYNCH ET AL	RESIDENTIAL	$384,300	161 ft
3000 BENJAMIN ST N E MINNEAPOLIS MN 55418	BRUCE L CROSS/JULIE M CROSS	RESIDENTIAL	$329,500	172 ft
2946 BENJAMIN ST N E MINNEAPOLIS MN 55418	CONNOR JAMES LEFEBVRE	RESIDENTIAL	$396,200	174 ft

Property History

Most Recent Sale

Date202106

Price$510,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,151