2523 ARTHUR ST N E MINNEAPOLIS MN 55418

PID: 1202924140217

Property Overview

Parcel ID1202924140217

Lot Size5,050 sq ft (0.116 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerMADISON C SAVAGE

Assessed Value$326,100

Land Value$130,000

Building Value$196,100

Annual Tax$4,807

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $16K total declared value · Most recent: Jun 2025 (misc)

MiscJun 2025Final Inspection

$16K

BARNHOUSE EXTERIORS LLC

ExistresJul 2021Closed

Metro Heating & Cooling LLC

ResMar 2021Closed

CenterPoint Energy Resource Corp

ExistresSep 2020Closed

Standard Heating and Air Conditioning 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 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~2,586 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 2,586 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2519 ARTHUR ST N E MINNEAPOLIS MN 55418	ANDREW LEE NELSON	RESIDENTIAL	$366,800	40 ft
2527 ARTHUR ST N E MINNEAPOLIS MN 55418	CHRISTINA PERFETTI	RESIDENTIAL	$311,000	40 ft
2515 ARTHUR ST N E MINNEAPOLIS MN 55418	DOUGLAS DANDURAND	RESIDENTIAL	$362,300	80 ft
2531 ARTHUR ST N E MINNEAPOLIS MN 55418	DEREK DAVIS	RESIDENTIAL	$288,900	80 ft
2511 ARTHUR ST N E MINNEAPOLIS MN 55418	PATRICK S WURST	RESIDENTIAL	$350,400	119 ft
2535 ARTHUR ST N E MINNEAPOLIS MN 55418	M C BOJARSKI/N M BELLUOMINI	RESIDENTIAL	$356,600	120 ft
2522 CLEVELAND ST N E MINNEAPOLIS MN 55418	J T DELANEY JR & A R DELANEY	RESIDENTIAL	$380,200	140 ft
2518 CLEVELAND ST N E MINNEAPOLIS MN 55418	DANIEL DAVID HARTIG	RESIDENTIAL	$321,800	145 ft
2526 CLEVELAND ST N E MINNEAPOLIS MN 55418	JACQUELINE PEACHA	RESIDENTIAL	$403,200	146 ft
2518 ARTHUR ST N E MINNEAPOLIS MN 55418	JOSEPH BUSCEMI	RESIDENTIAL	$220,800	158 ft

Property History

Most Recent Sale

Date202105

Price$321,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,807