3215 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924320041

Property Overview

Parcel ID0102924320041

Lot Size5,283 sq ft (0.121 ac)

Lot Dimensions (est.)132 ft wide × 40 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerL A MCCREADY & D J MCCREADY

Assessed Value$227,000

Land Value$107,000

Building Value$120,000

Annual Tax$3,148

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

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 depth92 ft

Area~2,762 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 2,762 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3211 POLK ST N E MINNEAPOLIS MN 55418	VALENTINE HOUN ETAL	RESIDENTIAL	$183,000	40 ft
3219 POLK ST N E MINNEAPOLIS MN 55418	BLAIR HANSON	RESIDENTIAL	$273,000	40 ft
3207 POLK ST N E MINNEAPOLIS MN 55418	JAIME LEIGH THOMPSON	RESIDENTIAL	$200,500	80 ft
3223 POLK ST N E MINNEAPOLIS MN 55418	STEPHEN C GROTH	RESIDENTIAL	$240,200	80 ft
3201 POLK ST N E MINNEAPOLIS MN 55418	DN2 LLC	CONDOMINIUM	$92,000	120 ft
3201 POLK ST N E MINNEAPOLIS MN 55418	DN2 LLC	CONDOMINIUM	$86,000	120 ft
3201 POLK ST N E MINNEAPOLIS MN 55418	DN2 LLC	CONDOMINIUM	$94,000	120 ft
3201 POLK ST N E MINNEAPOLIS MN 55418	DN2 LLC	CONDOMINIUM	$90,000	120 ft
MN	Unknown	—	—	120 ft
3227 POLK ST N E MINNEAPOLIS MN 55418	ANTHONY P LAVATO	RESIDENTIAL	$286,000	125 ft

Property History

Most Recent Sale

Date201212

Price$60,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,148