2518 ARTHUR ST N E MINNEAPOLIS MN 55418

PID: 1202924130223

Property Overview

Parcel ID1202924130223

Lot Size6,482 sq ft (0.149 ac)

Lot Dimensions (est.)76 ft wide × 86 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerJOSEPH BUSCEMI

Assessed Value$220,800

Land Value$146,000

Building Value$74,800

Annual Tax$3,043

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2021 · Most recent: Mar 2021 (res)

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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 width63 ft

Buildable depth46 ft

Area~2,419 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 2,419 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2525 GARFIELD ST N E MINNEAPOLIS MN 55418	S C BACKER & R M BACKER	RESIDENTIAL	$312,700	73 ft
2521 GARFIELD ST N E MINNEAPOLIS MN 55418	CONNOR IFKEWITSCH ET AL	RESIDENTIAL-TWO UNIT	$357,600	115 ft
2536 GARFIELD ST N E MINNEAPOLIS MN 55418	J DELAU & B STENBERG	RESIDENTIAL	$334,600	152 ft
2527 ARTHUR ST N E MINNEAPOLIS MN 55418	CHRISTINA PERFETTI	RESIDENTIAL	$311,000	154 ft
2517 GARFIELD ST N E MINNEAPOLIS MN 55418	JULIE A NELSON	RESIDENTIAL	$348,700	156 ft
2523 ARTHUR ST N E MINNEAPOLIS MN 55418	MADISON C SAVAGE	RESIDENTIAL	$326,100	158 ft
2532 GARFIELD ST N E MINNEAPOLIS MN 55418	EMILY JANE BEVERLY	RESIDENTIAL	$328,300	159 ft
2531 ARTHUR ST N E MINNEAPOLIS MN 55418	DEREK DAVIS	RESIDENTIAL	$288,900	160 ft
2519 ARTHUR ST N E MINNEAPOLIS MN 55418	ANDREW LEE NELSON	RESIDENTIAL	$366,800	172 ft
2535 ARTHUR ST N E MINNEAPOLIS MN 55418	M C BOJARSKI/N M BELLUOMINI	RESIDENTIAL	$356,600	175 ft

Property History

Most Recent Sale

Date202406

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,043