2218 ARTHUR ST N E MINNEAPOLIS MN 55418

PID: 1202924420162

Property Overview

Parcel ID1202924420162

Lot Size4,882 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1961

Property ClassRESIDENTIAL-TWO UNIT

OwnerDEIDRE L SCHMIDT

Assessed Value$432,800

Land Value$118,000

Building Value$314,800

Annual Tax$8,219

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · Most recent: Oct 2020 (res)

ResOct 2020Closed

Roberts Plumbing Inc

ExistresJun 2018Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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 depth82 ft

Area~2,461 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 2,461 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
2222 ARTHUR ST N E MINNEAPOLIS MN 55418	T M JOHNSON & F JOHNSON	RESIDENTIAL-TWO UNIT	$431,500	40 ft
2214 ARTHUR ST N E MINNEAPOLIS MN 55418	O MASHKOVA & P JONGEWARD	RESIDENTIAL-TWO UNIT	$425,900	40 ft
2226 ARTHUR ST N E MINNEAPOLIS MN 55418	SHAHRAM MISSAGHI ET AL	RESIDENTIAL-TWO UNIT	$449,700	80 ft
2210 ARTHUR ST N E MINNEAPOLIS MN 55418	JAMES LYNCH	RESIDENTIAL-TWO UNIT	$424,700	81 ft
2230 ARTHUR ST N E MINNEAPOLIS MN 55418	JUAN FIGUEROA	RESIDENTIAL-TWO UNIT	$402,600	121 ft
2206 ARTHUR ST N E MINNEAPOLIS MN 55418	PROCAI PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$462,900	123 ft
2231 GARFIELD ST N E MINNEAPOLIS MN 55418	MPLS SPEC SCHOOL DIST NO 1	LAND-COMMERCIAL	$0	137 ft
2234 ARTHUR ST N E MINNEAPOLIS MN 55418	C VANDERBILT & L VANDERBILT	RESIDENTIAL	$364,600	164 ft
2200 ARTHUR ST N E MINNEAPOLIS MN 55418	CALVIN M DUMER	RESIDENTIAL-TWO UNIT	$479,300	167 ft
2001 22ND AVE N E MINNEAPOLIS MN 55418	M F KIRWIN & C K KIRWIN	RESIDENTIAL	$294,000	191 ft

Property History

Most Recent Sale

Date200104

Price$221,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,219