3041 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924330042

Property Overview

Parcel ID0102924330042

Lot Size5,002 sq ft (0.115 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerELIZABETH A MORRE-MCGONIGLE

Assessed Value$211,700

Land Value$109,000

Building Value$102,700

Annual Tax$5,099

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

Audubon 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

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3037 POLK ST N E MINNEAPOLIS MN 55418	RUTH A BREMSETH	RESIDENTIAL	$247,000	40 ft
3045 POLK ST N E MINNEAPOLIS MN 55418	A P ZOELLNER & J L KITTOCK	RESIDENTIAL	$318,700	40 ft
3033 POLK ST N E MINNEAPOLIS MN 55418	DONNA L & MARK J MACHOWICZ	RESIDENTIAL	$279,400	80 ft
3029 POLK ST N E MINNEAPOLIS MN 55418	D A OBERMEYER & T MCDONALD	RESIDENTIAL	$296,700	120 ft
3038 TAYLOR ST N E MINNEAPOLIS MN 55418	CITY OF MPLS	VACANT LAND-RESIDENTIAL	$0	130 ft
3044 TAYLOR ST N E MINNEAPOLIS MN 55418	PATRICIA B HILLMEYER TRUST	RESIDENTIAL-TWO UNIT	$512,500	142 ft
3036 TAYLOR ST N E MINNEAPOLIS MN 55418	NIHITA BANISETTY	RESIDENTIAL	$351,500	146 ft
3040 TAYLOR ST N E MINNEAPOLIS MN 55418	CITY OF MPLS	VACANT LAND-RESIDENTIAL	$0	157 ft
3025 POLK ST N E MINNEAPOLIS MN 55418	NOAH J WATT	RESIDENTIAL	$262,900	160 ft
3038 POLK ST N E MINNEAPOLIS MN 55418	G L SOUFFLE & A O SOUFFLE	RESIDENTIAL	$226,000	190 ft

Property History

Most Recent Sale

Date201203

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,099