2623 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 1202924140050

Property Overview

Parcel ID1202924140050

Lot Size5,042 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1947

Property ClassRESIDENTIAL

OwnerS & J THOES

Assessed Value$348,300

Land Value$130,000

Building Value$218,300

Annual Tax$5,178

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $49K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$49K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

ResMar 2021Closed

CenterPoint Energy Resource Corp

ExistresMay 2019Closed

CenterPoint Energy Resource Corp

ResFeb 2018Closed

Weld and Sons Plumbing Inc

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 depth86 ft

Area~2,580 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 2,580 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
2619 CLEVELAND ST N E MINNEAPOLIS MN 55418	A KNUTSON & J SPANJERS	RESIDENTIAL	$373,100	40 ft
2627 CLEVELAND ST N E MINNEAPOLIS MN 55418	DAVID L SETTERSTROM ETAL	RESIDENTIAL	$401,000	40 ft
2631 CLEVELAND ST N E MINNEAPOLIS MN 55418	B A CORNELIUSEN/J E JOHNSON	RESIDENTIAL	$319,700	80 ft
2615 CLEVELAND ST N E MINNEAPOLIS MN 55418	EMILY VANCE & ZACH SHERMAN	RESIDENTIAL	$415,800	80 ft
2635 CLEVELAND ST N E MINNEAPOLIS MN 55418	MITCHELL T GRIFFITH	RESIDENTIAL	$394,600	120 ft
2611 CLEVELAND ST N E MINNEAPOLIS MN 55418	THERESA GORAL & JOHN GORAL	RESIDENTIAL	$344,400	120 ft
2622 BENJAMIN ST N E MINNEAPOLIS MN 55418	DIANE M SALVI	RESIDENTIAL	$304,900	140 ft
2626 BENJAMIN ST N E MINNEAPOLIS MN 55418	WESLEY MEIVES	RESIDENTIAL	$360,400	145 ft
2618 BENJAMIN ST N E MINNEAPOLIS MN 55418	S J HANEY & D E HANEY JR	RESIDENTIAL	$313,200	145 ft
2607 CLEVELAND ST N E MINNEAPOLIS MN 55418	TAYLOR RUEBKE/MICHAEL WILKIE	RESIDENTIAL	$351,200	160 ft

Property History

Current Tax Year

Year2026

Tax Due$5,178