3414 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924230060

Property Overview

Parcel ID0102924230060

Lot Size4,994 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerK OLSON JAGT & D M JAGT

Assessed Value$296,700

Land Value$104,000

Building Value$192,700

Annual Tax$4,593

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 2020 · $5K total declared value · Most recent: Aug 2020 (addition)

AdditionAug 2020Closed

$5K

Irene Alderson

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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 width30 ft

Buildable depth85 ft

Area~2,545 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 2,545 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3418 POLK ST N E MINNEAPOLIS MN 55418	B WARD & G MRAZ	RESIDENTIAL	$306,600	40 ft
3410 POLK ST N E MINNEAPOLIS MN 55418	ALYSSA BAGUSS	RESIDENTIAL	$288,000	40 ft
3422 POLK ST N E MINNEAPOLIS MN 55418	MICHAEL SHEDD	RESIDENTIAL	$352,800	80 ft
3406 POLK ST N E MINNEAPOLIS MN 55418	MOLLY PETERSON/MICHAELA NEU	RESIDENTIAL	$310,200	80 ft
3426 POLK ST N E MINNEAPOLIS MN 55418	ELEANOR KONZ/HUGH BERNHAGEN	RESIDENTIAL	$318,800	120 ft
3400 POLK ST N E MINNEAPOLIS MN 55418	ZOE POESCHL	RESIDENTIAL	$279,700	120 ft
3419 TYLER ST N E MINNEAPOLIS MN 55418	M D HALFMANN & C A MILLER	RESIDENTIAL	$284,000	140 ft
3411 TYLER ST N E MINNEAPOLIS MN 55418	DENNIS R & CARMEN J JOHNSON	RESIDENTIAL	$228,000	145 ft
3423 TYLER ST N E MINNEAPOLIS MN 55418	THOMAS M BENSON	RESIDENTIAL	$282,200	159 ft
3430 POLK ST N E MINNEAPOLIS MN 55418	JAY & TALIA SMIGIELSKI	RESIDENTIAL	$322,400	160 ft

Property History

Most Recent Sale

Date202302

Price$262,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,593