2902 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924330141

Property Overview

Parcel ID0102924330141

Lot Size10,033 sq ft (0.230 ac)

Lot Dimensions (est.)125 ft wide × 80 ft deep

Year Built1961

Property ClassAPARTMENT

OwnerJACKSON SQUARE LLC

Assessed Value$1,406,000

Land Value$100,400

Building Value$1,305,600

Annual Tax$27,075

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth40 ft

Area~5,549 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 3-story wood frame (5–12 units) benchmarks for 5,549 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2910 POLK ST N E MINNEAPOLIS MN 55418	MICHEAL ERIC JOHNSON	RESIDENTIAL	$317,500	60 ft
2914 POLK ST N E MINNEAPOLIS MN 55418	RONALD LOW & DIANE LOW	RESIDENTIAL	$314,100	100 ft
1009 29TH AVE N E MINNEAPOLIS MN 55418	NADER HASAN ABU AMMO	APARTMENT	$517,000	110 ft
2918 POLK ST N E MINNEAPOLIS MN 55418	L S YOUNGSCAP/J P GUNDERSEN	RESIDENTIAL	$293,600	140 ft
1008 29TH AVE N E MINNEAPOLIS MN 55418	ART INVESTMENT GROUP LLC	VACANT LAND-RESIDENTIAL	$134,000	149 ft
1002 29TH AVE N E MINNEAPOLIS MN 55418	RONALD DANATUS	APARTMENT	$375,000	153 ft
2913 TYLER ST N E MINNEAPOLIS MN 55418	SCHOLARS OF THE FUTURE LLC	RESIDENTIAL-TWO UNIT	$397,100	170 ft
1001 29TH AVE N E MINNEAPOLIS MN 55418	C L OBETZ & P NUNEZ-OBETZ	APARTMENT	$517,000	172 ft
1016 29TH AVE N E MINNEAPOLIS MN 55418	ANA LUISA ECHEVERRIA	RESIDENTIAL	$296,600	174 ft
2922 POLK ST N E MINNEAPOLIS MN 55418	ALISSA LIGHT	RESIDENTIAL	$374,300	180 ft

Property History

Most Recent Sale

Date200701

Price$715,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$27,075