2521 GARFIELD ST N E MINNEAPOLIS MN 55418

PID: 1202924130175

Property Overview

Parcel ID1202924130175

Lot Size4,982 sq ft (0.114 ac)

Lot Dimensions (est.)117 ft wide × 43 ft deep

Year Built1930

Property ClassRESIDENTIAL-TWO UNIT

OwnerCONNOR IFKEWITSCH ET AL

Assessed Value$357,600

Land Value$130,000

Building Value$227,600

Annual Tax$5,334

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2021 · $23K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$20K

Clear Cut Xteriors LLC

ResFeb 2022Closed

CenterPoint Energy Resource Corp

RemodelDec 2021Closed

$1K

Connor Ifkewitsch

RemodelJul 2021Closed

$2K

Connor Ifkewitsch

ResMar 2021Closed

CenterPoint Energy Resource Corp

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width102 ft

Buildable depth3 ft

Area~2,788 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 small multifamily (2–4 units, wood frame) benchmarks for 2,788 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2517 GARFIELD ST N E MINNEAPOLIS MN 55418	JULIE A NELSON	RESIDENTIAL	$348,700	41 ft
2525 GARFIELD ST N E MINNEAPOLIS MN 55418	S C BACKER & R M BACKER	RESIDENTIAL	$312,700	42 ft
2511 GARFIELD ST N E MINNEAPOLIS MN 55418	DAVID W SULEM ETAL SUBJ/LE	RESIDENTIAL	$279,100	92 ft
2500 ARTHUR ST N E MINNEAPOLIS MN 55418	MICHAEL STROM ET AL	RESIDENTIAL	$445,600	112 ft
2518 ARTHUR ST N E MINNEAPOLIS MN 55418	JOSEPH BUSCEMI	RESIDENTIAL	$220,800	115 ft
1905 LOWRY AVE N E MINNEAPOLIS MN 55418	JENS PAULSON	RESIDENTIAL	$247,800	155 ft
2515 ARTHUR ST N E MINNEAPOLIS MN 55418	DOUGLAS DANDURAND	RESIDENTIAL	$362,300	182 ft
2519 ARTHUR ST N E MINNEAPOLIS MN 55418	ANDREW LEE NELSON	RESIDENTIAL	$366,800	185 ft
2528 GARFIELD ST N E MINNEAPOLIS MN 55418	MARY K CRONIN	RESIDENTIAL	$333,300	186 ft
2524 GARFIELD ST N E MINNEAPOLIS MN 55418	HOLLY ANNE REED	RESIDENTIAL	$340,200	186 ft

Property History

Most Recent Sale

Date202105

Price$340,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,334