2851 GARFIELD ST N E MINNEAPOLIS MN 55418

PID: 1202924120103

Property Overview

Parcel ID1202924120103

Lot Size5,098 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerC A PEDERSON & L A PEDERSON

Assessed Value$515,700

Land Value$137,000

Building Value$378,700

Annual Tax$8,295

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $67K total declared value · Most recent: Mar 2021 (res)

ResMar 2021Closed

CenterPoint Energy Resource Corp

ResJan 2020Closed

Perfection Plumbing LLC

ResApr 2019Closed

Candor Companies Inc

RemodelMar 2019Closed

$67K

FBC Remodel

ResMar 2019Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,181/mo

Renter-occupied31.9%

Median home value$356K

Vacancy rate3.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1012

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 depth87 ft

Area~2,623 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 2,623 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
2847 GARFIELD ST N E MINNEAPOLIS MN 55418	DANA PIPER	RESIDENTIAL	$316,800	40 ft
2855 GARFIELD ST N E MINNEAPOLIS MN 55418	NELL HENDRICKSON	RESIDENTIAL	$474,000	40 ft
2843 GARFIELD ST N E MINNEAPOLIS MN 55418	J STRIGGOW & J KING	RESIDENTIAL	$197,400	80 ft
2859 GARFIELD ST N E MINNEAPOLIS MN 55418	M A VADIS & E OGLAZA	RESIDENTIAL	$304,600	80 ft
2839 GARFIELD ST N E MINNEAPOLIS MN 55418	ALLISON WEHLAGE	RESIDENTIAL	$263,900	120 ft
2850 ARTHUR ST N E MINNEAPOLIS MN 55418	M SWITRAS & D V MITCHELL	RESIDENTIAL	$427,400	139 ft
2846 ARTHUR ST N E MINNEAPOLIS MN 55418	PAUL J HAMMOND	RESIDENTIAL	$331,300	144 ft
2858 ARTHUR ST N E MINNEAPOLIS MN 55418	R L HANSON & R W ANDERSON	RESIDENTIAL	$498,900	156 ft
2842 ARTHUR ST N E MINNEAPOLIS MN 55418	BENJAMIN M HANSEN	RESIDENTIAL	$346,000	160 ft
2835 GARFIELD ST N E MINNEAPOLIS MN 55418	ROBERT MARTIN LEVINE ET AL	RESIDENTIAL	$315,800	160 ft

Property History

Most Recent Sale

Date201006

Price$280,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,295