2918 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924330138

Property Overview

Parcel ID0102924330138

Lot Size5,015 sq ft (0.115 ac)

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

Year Built1905

Property ClassRESIDENTIAL

OwnerL S YOUNGSCAP/J P GUNDERSEN

Assessed Value$293,600

Land Value$108,000

Building Value$185,600

Annual Tax$4,263

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 2022 · Most recent: Mar 2022 (res)

ResMar 2022Closed

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~2,560 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 2,560 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
2922 POLK ST N E MINNEAPOLIS MN 55418	ALISSA LIGHT	RESIDENTIAL	$374,300	40 ft
2914 POLK ST N E MINNEAPOLIS MN 55418	RONALD LOW & DIANE LOW	RESIDENTIAL	$314,100	40 ft
2926 POLK ST N E MINNEAPOLIS MN 55418	JOHN T VIELE/BONNIE M VIELE	RESIDENTIAL-TWO UNIT	$358,900	80 ft
2910 POLK ST N E MINNEAPOLIS MN 55418	MICHEAL ERIC JOHNSON	RESIDENTIAL	$317,500	80 ft
2930 POLK ST N E MINNEAPOLIS MN 55418	M THOMPSON & C THOMPSON	RESIDENTIAL	$305,200	120 ft
2919 TYLER ST N E MINNEAPOLIS MN 55418	D W HENLEY & R E HENLEY	RESIDENTIAL	$318,600	139 ft
2902 POLK ST N E MINNEAPOLIS MN 55418	JACKSON SQUARE LLC	APARTMENT	$1,406,000	140 ft
2921 TYLER ST N E MINNEAPOLIS MN 55418	COMMUNITY HOUSING RESOURCES	RESIDENTIAL-TWO UNIT	$0	144 ft
2913 TYLER ST N E MINNEAPOLIS MN 55418	SCHOLARS OF THE FUTURE LLC	RESIDENTIAL-TWO UNIT	$397,100	145 ft
2934 POLK ST N E MINNEAPOLIS MN 55418	BRETT M NAUS ET AL	RESIDENTIAL-TWO UNIT	$370,800	160 ft

Property History

Most Recent Sale

Date200101

Price$130,750

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,263