3012 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924330054

Property Overview

Parcel ID0102924330054

Lot Size5,006 sq ft (0.115 ac)

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

Year Built1909

Property ClassRESIDENTIAL

OwnerWILLIAM RAY SCHULZE

Assessed Value$206,500

Land Value$108,000

Building Value$98,500

Annual Tax$4,086

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$368K-0.7% YoY

Median price / sqft$228/sqft

Median days to close15 days

Active listings75

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~2,554 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 2,554 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
3008 POLK ST N E MINNEAPOLIS MN 55418	LEA M IVERSON	RESIDENTIAL	$225,700	40 ft
3020 POLK ST N E MINNEAPOLIS MN 55418	HOMES BY WITT LLC	RESIDENTIAL-TWO UNIT	$394,500	60 ft
3004 POLK ST N E MINNEAPOLIS MN 55418	A S HOWITZ & P MOSER	RESIDENTIAL	$327,900	80 ft
3000 POLK ST N E MINNEAPOLIS MN 55418	E T SCHREIBER & J R SWANSON	RESIDENTIAL	$267,800	117 ft
3024 POLK ST N E MINNEAPOLIS MN 55418	COURTNEY L BONA	RESIDENTIAL	$288,100	120 ft
3011 TYLER ST N E MINNEAPOLIS MN 55418	JEFFREY W KEMPENICH ET AL	RESIDENTIAL-TWO UNIT	$385,800	140 ft
3017 TYLER ST N E MINNEAPOLIS MN 55418	PAUL J WATERCOTT	RESIDENTIAL	$225,000	144 ft
3028 POLK ST N E MINNEAPOLIS MN 55418	L K KEGAN & M R KEGAN	RESIDENTIAL	$239,600	160 ft
3021 TYLER ST N E MINNEAPOLIS MN 55418	DEREK AMLIE	RESIDENTIAL	$222,200	160 ft
3005 TYLER ST N E MINNEAPOLIS MN 55418	R RICHERSON/TYLER SCHAETZEL	RESIDENTIAL-TWO UNIT	$305,000	161 ft

Property History

Most Recent Sale

Date202603

Price$219,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,086