3028 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924330051

Property Overview

Parcel ID0102924330051

Lot Size5,004 sq ft (0.115 ac)

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

Year Built1904

Property ClassRESIDENTIAL

OwnerL K KEGAN & M R KEGAN

Assessed Value$239,600

Land Value$108,000

Building Value$131,600

Annual Tax$3,358

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

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~2,552 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 2,552 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
3032 POLK ST N E MINNEAPOLIS MN 55418	C A BUBLITZ & C M WIKLUND	RESIDENTIAL	$307,200	40 ft
3024 POLK ST N E MINNEAPOLIS MN 55418	COURTNEY L BONA	RESIDENTIAL	$288,100	40 ft
3036 POLK ST N E MINNEAPOLIS MN 55418	THE SPLAN REV LIV TRUST	RESIDENTIAL	$395,400	82 ft
3020 POLK ST N E MINNEAPOLIS MN 55418	HOMES BY WITT LLC	RESIDENTIAL-TWO UNIT	$394,500	100 ft
3038 POLK ST N E MINNEAPOLIS MN 55418	G L SOUFFLE & A O SOUFFLE	RESIDENTIAL	$226,000	121 ft
3029 TYLER ST N E MINNEAPOLIS MN 55418	A P LONGLEY & E C BLAIR	RESIDENTIAL	$394,500	139 ft
3033 TYLER ST N E MINNEAPOLIS MN 55418	WILLIAM G STEMLER	RESIDENTIAL-TWO UNIT	$153,300	144 ft
3025 TYLER ST N E MINNEAPOLIS MN 55418	ERIK M JOERRES	RESIDENTIAL	$285,000	145 ft
3042 POLK ST N E MINNEAPOLIS MN 55418	E S STEINMETZ & M L LOHN	RESIDENTIAL	$306,200	160 ft
3012 POLK ST N E MINNEAPOLIS MN 55418	WILLIAM RAY SCHULZE	RESIDENTIAL	$206,500	160 ft

Property History

Most Recent Sale

Date201311

Price$154,450

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,358