2338 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 1202924410174

Property Overview

Parcel ID1202924410174

Lot Size5,111 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerM D POWERS & M E POWERS

Assessed Value$286,400

Land Value$121,000

Building Value$165,400

Annual Tax$4,142

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $11K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$11K

Michael D Powers

ResFeb 2023Closed

Warners Stellian Co Inc

ResSep 2021Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Windom 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 depth88 ft

Area~2,633 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 2,633 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2342 CLEVELAND ST N E MINNEAPOLIS MN 55418	MATTHEW R SMIGIELSKI ET AL	RESIDENTIAL-TWO UNIT	$449,900	40 ft
2334 CLEVELAND ST N E MINNEAPOLIS MN 55418	ANNE M G LINDGREN	RESIDENTIAL	$359,000	40 ft
2346 CLEVELAND ST N E MINNEAPOLIS MN 55418	KELSEY A CASSIDY/M R PAULSON	RESIDENTIAL	$337,600	80 ft
2330 CLEVELAND ST N E MINNEAPOLIS MN 55418	HEIDI HANSON	RESIDENTIAL	$319,000	80 ft
2350 CLEVELAND ST N E MINNEAPOLIS MN 55418	CLARENCE C GERVAIS JR ETAL	RESIDENTIAL	$361,400	120 ft
2326 CLEVELAND ST N E MINNEAPOLIS MN 55418	IH3 PROPERTY MINNESTOA LP	RESIDENTIAL	$296,000	120 ft
2339 ARTHUR ST N E MINNEAPOLIS MN 55418	JOHN J HOYNY JR & WIFE	RESIDENTIAL	$385,400	141 ft
2335 ARTHUR ST N E MINNEAPOLIS MN 55418	ROBERT HENRY NIELSEN ETAL	RESIDENTIAL	$306,700	147 ft
2343 ARTHUR ST N E MINNEAPOLIS MN 55418	ANTHONY J GANTENBEIN	RESIDENTIAL	$348,700	147 ft
2354 CLEVELAND ST N E MINNEAPOLIS MN 55418	KIRSTEN PRATT	RESIDENTIAL	$392,000	160 ft

Property History

Most Recent Sale

Date198502

Price$51,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,142