2242 ARTHUR ST N E MINNEAPOLIS MN 55418

PID: 1202924420022

Property Overview

Parcel ID1202924420022

Lot Size5,397 sq ft (0.124 ac)

Lot Dimensions (est.)126 ft wide × 43 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerJ M LUNDIN & C W LUNDIN

Assessed Value$405,000

Land Value$124,000

Building Value$281,000

Annual Tax$6,128

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $18K total declared value · Most recent: Jun 2025 (misc)

MiscJun 2025Closed

$10K

JTR Roofing Inc

RemodelNov 2024Inspection

$8K

Five Star Bath Solutions

ResOct 2024Closed

Stewart Plumbing Inc

ExistresJul 2022Closed

Dean's Professional Plumbing Inc

ResApr 2022Closed

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 width33 ft

Buildable depth86 ft

Area~2,823 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 2,823 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
2246 ARTHUR ST N E MINNEAPOLIS MN 55418	ANDREW H ORRISON	RESIDENTIAL	$397,600	43 ft
2238 ARTHUR ST N E MINNEAPOLIS MN 55418	M T CORCORAN & E A CORCORAN	RESIDENTIAL	$350,000	43 ft
2250 ARTHUR ST N E MINNEAPOLIS MN 55418	DEVIN BEACH & MAYA KERN	RESIDENTIAL	$393,700	86 ft
2234 ARTHUR ST N E MINNEAPOLIS MN 55418	C VANDERBILT & L VANDERBILT	RESIDENTIAL	$364,600	86 ft
2230 ARTHUR ST N E MINNEAPOLIS MN 55418	JUAN FIGUEROA	RESIDENTIAL-TWO UNIT	$402,600	128 ft
2254 ARTHUR ST N E MINNEAPOLIS MN 55418	CHAD D NOVAK	RESIDENTIAL-TWO UNIT	$570,500	129 ft
2243 GARFIELD ST N E MINNEAPOLIS MN 55418	ALEXANDRA A WHEELER	RESIDENTIAL	$335,600	140 ft
2239 GARFIELD ST N E MINNEAPOLIS MN 55418	E O'BRIEN & J K HENIG	RESIDENTIAL	$350,900	146 ft
2247 GARFIELD ST N E MINNEAPOLIS MN 55418	J J PASTERSKI/C A PASTERSKI	RESIDENTIAL	$360,300	146 ft
2235 GARFIELD ST N E MINNEAPOLIS MN 55418	RYAN R JOHNSON	RESIDENTIAL	$312,500	164 ft

Property History

Most Recent Sale

Date201203

Price$186,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,128