3315 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924230155

Property Overview

Parcel ID0102924230155

Lot Size5,002 sq ft (0.115 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerJAMES D CARLSON

Assessed Value$243,400

Land Value$104,000

Building Value$139,400

Annual Tax$3,768

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

6 permits on record since 2022 · $13K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$10K

BAYVISTA INC

ExistresNov 2023Closed

MESPO HEATING AND COOLING INC

ExistresOct 2023Closed

Climate Tech LLC

ResJun 2023Closed

JAMES CARLSON

RemodelMay 2023Closed

$2K

JAMES CARLSON

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~2,550 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 2,550 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
3311 POLK ST N E MINNEAPOLIS MN 55418	JOHN CHARLES LINK	RESIDENTIAL	$186,000	40 ft
3319 POLK ST N E MINNEAPOLIS MN 55418	STEADY PROPERTIES LLC	RESIDENTIAL	$283,000	40 ft
3307 POLK ST N E MINNEAPOLIS MN 55418	GARY JOHNSON	RESIDENTIAL	$294,200	80 ft
3323 POLK ST N E MINNEAPOLIS MN 55418	JOYCE R VINT REVOCABLE TRUST	RESIDENTIAL	$259,700	80 ft
3301 POLK ST N E MINNEAPOLIS MN 55418	JOANNE CAROL LIDICKER	RESIDENTIAL	$282,200	120 ft
3327 POLK ST N E MINNEAPOLIS MN 55418	RIFIVE INVESTMENTS LLC	RESIDENTIAL	$219,300	120 ft
3310 TAYLOR ST N E MINNEAPOLIS MN 55418	ANDREW STEMPLE	RESIDENTIAL	$241,300	139 ft
3318 TAYLOR ST N E MINNEAPOLIS MN 55418	J G STOEWER & C M STOEWER	RESIDENTIAL	$338,800	145 ft
3306 TAYLOR ST N E MINNEAPOLIS MN 55418	KARLA ASCHER	RESIDENTIAL-TWO UNIT	$338,600	155 ft
3331 POLK ST N E MINNEAPOLIS MN 55418	MARA S KIRKPATRICK	RESIDENTIAL	$329,900	160 ft

Property History

Most Recent Sale

Date202206

Price$171,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,768