3354 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924230110

Property Overview

Parcel ID0102924230110

Lot Size4,997 sq ft (0.115 ac)

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

Year Built1953

Property ClassRESIDENTIAL

OwnerE THOMPSON & D C STEEPLES

Assessed Value$364,700

Land Value$104,000

Building Value$260,700

Annual Tax$5,453

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

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~2,547 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 2,547 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
3358 POLK ST N E MINNEAPOLIS MN 55418	DUSTIN WAHL & CASEY WAHL	RESIDENTIAL	$328,700	40 ft
3350 POLK ST N E MINNEAPOLIS MN 55418	BRIAN MILLER & KELSEY QUIST	RESIDENTIAL	$304,300	40 ft
3346 POLK ST N E MINNEAPOLIS MN 55418	LARRY ALAN LEE	RESIDENTIAL	$239,400	80 ft
3342 POLK ST N E MINNEAPOLIS MN 55418	GABRIELLA ANNA TOQUAM	RESIDENTIAL-TWO UNIT	$340,800	120 ft
3355 TYLER ST N E MINNEAPOLIS MN 55418	MICHAELA HELMS/CASEY COLLINS	RESIDENTIAL	$291,900	138 ft
3400 POLK ST N E MINNEAPOLIS MN 55418	ZOE POESCHL	RESIDENTIAL	$279,700	140 ft
3359 TYLER ST N E MINNEAPOLIS MN 55418	ANNETTE SCHIEBOUT	RESIDENTIAL	$296,600	144 ft
3351 TYLER ST N E MINNEAPOLIS MN 55418	NANCY A OLSON	RESIDENTIAL	$255,000	148 ft
3338 POLK ST N E MINNEAPOLIS MN 55418	TYLER THOMAS & LINDSAY WIRTH	RESIDENTIAL	$217,000	160 ft
3343 TYLER ST N E MINNEAPOLIS MN 55418	AMY N SOFTICH	RESIDENTIAL	$333,500	178 ft

Property History

Most Recent Sale

Date202304

Price$425,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,453