3515 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924220088

Property Overview

Parcel ID0102924220088

Lot Size6,857 sq ft (0.157 ac)

Lot Dimensions (est.)125 ft wide × 55 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerB RICHTER / C KRAFT

Assessed Value$341,300

Land Value$119,000

Building Value$222,300

Annual Tax$5,062

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2017 · $3K total declared value · Most recent: Feb 2020 (res)

ResFeb 2020Closed

CenterPoint Energy Resource Corp

RemodelMar 2017Closed

$3K

JOHN PEDERSON CONSTRUCTION INC

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

Neighborhood Profile

Waite Park · Minneapolis

Median reported rent1,527/mo

Renter-occupied21.2%

Median home value$288K

Vacancy rate3.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 6.01

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth85 ft

Area~3,808 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 sfr / adu benchmarks for 3,808 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3511 POLK ST N E MINNEAPOLIS MN 55418	A & R NIEMI	RESIDENTIAL	$249,000	48 ft
3521 POLK ST N E MINNEAPOLIS MN 55418	KYLE KLEIN	RESIDENTIAL	$314,800	55 ft
3507 POLK ST N E MINNEAPOLIS MN 55418	JUSTIN KLATT	RESIDENTIAL	$305,800	87 ft
3527 POLK ST N E MINNEAPOLIS MN 55418	NANCY BROWN-JOHNSTON ET AL	RESIDENTIAL	$334,300	110 ft
3501 POLK ST N E MINNEAPOLIS MN 55418	TODD HORNE	RESIDENTIAL	$327,000	127 ft
3514 TAYLOR ST N E MINNEAPOLIS MN 55418	K C BALLARD & R R BALLARD	RESIDENTIAL	$330,800	139 ft
3510 TAYLOR ST N E MINNEAPOLIS MN 55418	MEGHAN MARIE ROSENKRANZ	RESIDENTIAL	$305,000	141 ft
3518 TAYLOR ST N E MINNEAPOLIS MN 55418	M F CARRAHER-VAN MUYDEN ETAL	RESIDENTIAL	$281,000	153 ft
3506 TAYLOR ST N E MINNEAPOLIS MN 55418	SARAH E VLASAK	RESIDENTIAL	$292,000	158 ft
3533 POLK ST N E MINNEAPOLIS MN 55418	RINCHEN DORJEE	RESIDENTIAL	$318,400	165 ft

Property History

Most Recent Sale

Date202604

Price$400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,062