3542 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924220187

Property Overview

Parcel ID0102924220187

Lot Size10,277 sq ft (0.236 ac)

Lot Dimensions (est.)125 ft wide × 82 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerALEA ELLISON & DANIEL NORD

Assessed Value$349,200

Land Value$140,000

Building Value$209,200

Annual Tax$5,930

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

3 permits on record since 2023 · Most recent: Jul 2024 (res)

ResJul 2024Expired

MN Plumbing & Home Services INC

ResDec 2023Expired

CHAMPION PLUMBING LLC

ExistresNov 2023Closed

Ray N Welter Heating Co

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 width73 ft

Buildable depth84 ft

Area~6,128 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 6,128 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3538 POLK ST N E MINNEAPOLIS MN 55418	GLORIA J SATT	RESIDENTIAL	$299,400	69 ft
3554 POLK ST N E MINNEAPOLIS MN 55418	CECILIA M WACHDORF	RESIDENTIAL	$357,500	82 ft
3532 POLK ST N E MINNEAPOLIS MN 55418	SONIA NAULA INAMAGUA	RESIDENTIAL	$330,000	124 ft
3547 TYLER ST N E MINNEAPOLIS MN 55418	MATTHEW E KLEIN	RESIDENTIAL	$353,200	140 ft
3541 TYLER ST N E MINNEAPOLIS MN 55418	CHARLES N LAGERQUIST	RESIDENTIAL	$306,900	143 ft
3558 POLK ST N E MINNEAPOLIS MN 55418	KURT EVANS	RESIDENTIAL	$323,300	151 ft
3553 TYLER ST N E MINNEAPOLIS MN 55418	GAIL D STANKEY	RESIDENTIAL	$321,900	159 ft
3535 TYLER ST N E MINNEAPOLIS MN 55418	KELLEN RUNGE & SARAH GILLUND	RESIDENTIAL	$348,500	168 ft
3526 POLK ST N E MINNEAPOLIS MN 55418	BENJAMIN REMBE	RESIDENTIAL	$326,300	179 ft
3543 POLK ST N E MINNEAPOLIS MN 55418	MADELINE ROSE GRAHAM	RESIDENTIAL	$328,700	191 ft

Property History

Most Recent Sale

Date202007

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,930