2951 POLK ST N E MINNEAPOLIS MN 55418

PID: 0102924330180

Property Overview

Parcel ID0102924330180

Lot Size5,010 sq ft (0.115 ac)

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

Year Built1902

Property ClassRESIDENTIAL

OwnerP E KRAEMER & S P PRESS

Assessed Value$312,400

Land Value$108,000

Building Value$204,400

Annual Tax$4,578

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

2 permits on record since 2017 · Most recent: Aug 2018 (existres)

ExistresAug 2018Closed

AFFORDABLE EGRESS WINDOWS & BASEMENT WATERPROOFI

ResJan 2017Closed

CENTERPOINT ENERGY

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~2,557 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 2,557 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
2947 POLK ST N E MINNEAPOLIS MN 55418	LARRY J IVERSON	RESIDENTIAL	$327,100	40 ft
2955 POLK ST N E MINNEAPOLIS MN 55418	MICHAEL D BOYD/NORA L PAOLI	RESIDENTIAL	$241,700	40 ft
2943 POLK ST N E MINNEAPOLIS MN 55418	NADINE GALL	RESIDENTIAL	$387,000	80 ft
2959 POLK ST N E MINNEAPOLIS MN 55418	MICHAEL A BAKKE	RESIDENTIAL	$292,700	80 ft
2939 POLK ST N E MINNEAPOLIS MN 55418	A A DANIELS & R J BAUSTIAN	RESIDENTIAL	$270,700	120 ft
2950 TAYLOR ST N E MINNEAPOLIS MN 55418	STEPHEN PRESS/PAIGE KRAEMER	RESIDENTIAL	$277,500	140 ft
2946 TAYLOR ST N E MINNEAPOLIS MN 55418	JASON CARPIO	RESIDENTIAL	$681,700	145 ft
2954 TAYLOR ST N E MINNEAPOLIS MN 55418	MAN-CHENG 2012 REV TRU	RESIDENTIAL-TWO UNIT	$418,800	146 ft
2942 TAYLOR ST N E MINNEAPOLIS MN 55418	JULIE K CRAWFORD	RESIDENTIAL	$308,700	160 ft
2935 POLK ST N E MINNEAPOLIS MN 55418	JEFFREY J ATKINSON	RESIDENTIAL	$229,300	160 ft

Property History

Most Recent Sale

Date202009

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,578