2805 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924220048

Property Overview

Parcel ID1202924220048

Lot Size4,601 sq ft (0.106 ac)

Lot Dimensions (est.)100 ft wide × 46 ft deep

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerJ D SCHULTE & C L SCHULTE

Assessed Value$408,300

Land Value$106,000

Building Value$302,300

Annual Tax$6,183

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

Minneapolis

Median reported rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 11

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth60 ft

Area~2,159 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 small multifamily (2–4 units, wood frame) benchmarks for 2,159 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2803 POLK ST N E MINNEAPOLIS MN 55418	JOEL BRUNS	RESIDENTIAL	$565,000	47 ft
2811 POLK ST N E MINNEAPOLIS MN 55418	D E ZUMBA & A S SANDOVAL	RESIDENTIAL	$357,400	62 ft
1013 28TH AVE N E MINNEAPOLIS MN 55418	JESSE ROCK & REBECCA ROCK	APARTMENT	$599,000	94 ft
2815 POLK ST N E MINNEAPOLIS MN 55418	BRENT MYERS	RESIDENTIAL-TWO UNIT	$425,900	99 ft
2819 POLK ST N E MINNEAPOLIS MN 55418	RAZORBLADE TRUST & M HERRIN	RESIDENTIAL-TWO UNIT	$392,300	135 ft
2749 POLK ST N E MINNEAPOLIS MN 55418	MICAH DON PATCHIN	RESIDENTIAL-TWO UNIT	$387,900	154 ft
959 28TH AVE N E MINNEAPOLIS MN 55418	LYDIA B MILLARD	RESIDENTIAL-TWO UNIT	$363,200	165 ft
2821 POLK ST N E MINNEAPOLIS MN 55418	P SCHWARZKOPF/E SCHWARZKOPF	RESIDENTIAL	$292,000	166 ft
1019 28TH AVE N E MINNEAPOLIS MN 55418	D AUWRTER / E HORNEMAN	RESIDENTIAL	$338,500	167 ft
1016 28TH AVE N E MINNEAPOLIS MN 55418	TIMOTHY P NELSON	RESIDENTIAL	$287,100	183 ft

Property History

Most Recent Sale

Date198602

Price$75,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,183