3251 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924320047

Property Overview

Parcel ID0102924320047

Lot Size7,593 sq ft (0.174 ac)

Lot Dimensions (est.)132 ft wide × 58 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerROBERT W LEWIS ETAL TRUSTEES

Assessed Value$317,500

Land Value$125,000

Building Value$192,500

Annual Tax$4,662

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

1 permit on record since 2020 · $10K total declared value · Most recent: Aug 2020 (misc)

MiscAug 2020Closed

$10K

All About Exteriors

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 width48 ft

Buildable depth91 ft

Area~4,371 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 4,371 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3245 POLK ST N E MINNEAPOLIS MN 55418	RHONDA KAY PLETSCHER	RESIDENTIAL	$333,300	57 ft
3259 POLK ST N E MINNEAPOLIS MN 55418	SONJA MAY	RESIDENTIAL	$245,000	68 ft
3239 POLK ST N E MINNEAPOLIS MN 55418	ROBYN A ELIASON	RESIDENTIAL	$305,800	115 ft
3250 TAYLOR ST N E MINNEAPOLIS MN 55418	S K KEELING & K FEIST	RESIDENTIAL	$371,500	132 ft
3242 TAYLOR ST N E MINNEAPOLIS MN 55418	A ROBERTSON & R COLEMAN	RESIDENTIAL	$360,800	145 ft
3254 TAYLOR ST N E MINNEAPOLIS MN 55418	LUKE OLDENBURG	RESIDENTIAL	$341,300	149 ft
3233 POLK ST N E MINNEAPOLIS MN 55418	THOMAS A MOLLEN	RESIDENTIAL	$328,000	173 ft
3238 TAYLOR ST N E MINNEAPOLIS MN 55418	E BENSIGNOR & M BENSIGNOR	RESIDENTIAL	$385,800	178 ft
3301 POLK ST N E MINNEAPOLIS MN 55418	JOANNE CAROL LIDICKER	RESIDENTIAL	$282,200	188 ft
3250 POLK ST N E MINNEAPOLIS MN 55418	Z A WILSON & S A WILSON	RESIDENTIAL	$303,200	194 ft

Property History

Current Tax Year

Year2026

Tax Due$4,662