1939 CLEVELAND ST N E MINNEAPOLIS MN 55418

PID: 1202924440033

Property Overview

Parcel ID1202924440033

Lot Size5,682 sq ft (0.130 ac)

Lot Dimensions (est.)129 ft wide × 44 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerALISON W REITSMA

Assessed Value$358,000

Land Value$127,000

Building Value$231,000

Annual Tax$5,673

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $14K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$14K

ALL ELEMENTS INC

ResSep 2021Closed

CenterPoint Energy Resource Corp

ResNov 2020Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

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 width32 ft

Buildable depth95 ft

Area~3,029 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 3,029 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1935 CLEVELAND ST N E MINNEAPOLIS MN 55418	MDC 2000 INVESTMENTS INC	RESIDENTIAL	$256,000	42 ft
1943 CLEVELAND ST N E MINNEAPOLIS MN 55418	L D FERRARO & A M FERRARO	RESIDENTIAL	$405,000	43 ft
1931 CLEVELAND ST N E MINNEAPOLIS MN 55418	M AND D OBRIEN LIVING TRUST	RESIDENTIAL	$395,800	83 ft
1947 CLEVELAND ST N E MINNEAPOLIS MN 55418	TONIA M FARINELLA	RESIDENTIAL	$323,000	85 ft
1927 CLEVELAND ST N E MINNEAPOLIS MN 55418	N WASSENBERG & W BIDDLE	RESIDENTIAL	$446,000	125 ft
1951 CLEVELAND ST N E MINNEAPOLIS MN 55418	CONOR BRUCE	RESIDENTIAL	$343,000	127 ft
1938 BENJAMIN ST N E MINNEAPOLIS MN 55418	J WIDMEIER & J G VOLL	RESIDENTIAL	$617,800	143 ft
1950 BENJAMIN ST N E MINNEAPOLIS MN 55418	THOMAS G SOLZ	RESIDENTIAL	$483,000	156 ft
1932 BENJAMIN ST N E MINNEAPOLIS MN 55418	W E & N E EIBRINK	RESIDENTIAL	$646,000	162 ft
1923 CLEVELAND ST N E MINNEAPOLIS MN 55418	BLAINE GUDBJARTSSON ET AL	RESIDENTIAL	$428,700	167 ft

Property History

Most Recent Sale

Date201107

Price$156,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,673