3250 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924320051

Property Overview

Parcel ID0102924320051

Lot Size5,003 sq ft (0.115 ac)

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

Year Built1955

Property ClassRESIDENTIAL

OwnerZ A WILSON & S A WILSON

Assessed Value$303,200

Land Value$103,000

Building Value$200,200

Annual Tax$4,423

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 · Most recent: Feb 2020 (res)

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~2,551 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 2,551 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
3254 POLK ST N E MINNEAPOLIS MN 55418	NANCY J PRAY	RESIDENTIAL	$287,100	40 ft
3246 POLK ST N E MINNEAPOLIS MN 55418	MATTHEW BEATTIE	RESIDENTIAL	$238,700	40 ft
3258 POLK ST N E MINNEAPOLIS MN 55418	TAMMY DUFFNEY	RESIDENTIAL	$295,000	80 ft
3242 POLK ST N E MINNEAPOLIS MN 55418	W S UNGAR & K M UNGAR	RESIDENTIAL	$273,000	80 ft
3238 POLK ST N E MINNEAPOLIS MN 55418	ANABELL DEUTSCHLANDER	RESIDENTIAL	$257,000	120 ft
3251 TYLER ST N E MINNEAPOLIS MN 55418	MINA BOUKAOUI	RESIDENTIAL	$308,000	139 ft
3255 TYLER ST N E MINNEAPOLIS MN 55418	GOLDEN GOPHER PROPERTIES LLC	RESIDENTIAL	$238,500	144 ft
3247 TYLER ST N E MINNEAPOLIS MN 55418	LYNNE E LARSEN	RESIDENTIAL	$263,000	145 ft
3259 TYLER ST N E MINNEAPOLIS MN 55418	MNSF T2SPE,LLC	RESIDENTIAL	$265,000	159 ft
3243 TYLER ST N E MINNEAPOLIS MN 55418	JENNIFER L THOMPSON	RESIDENTIAL	$212,300	161 ft

Property History

Most Recent Sale

Date202209

Price$365,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,423