2819 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924220051

Property Overview

Parcel ID1202924220051

Lot Size6,311 sq ft (0.145 ac)

Lot Dimensions (est.)182 ft wide × 35 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerRAZORBLADE TRUST & M HERRIN

Assessed Value$392,300

Land Value$124,000

Building Value$268,300

Annual Tax$5,916

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width21 ft

Buildable depth164 ft

Area~3,504 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 3,504 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2821 POLK ST N E MINNEAPOLIS MN 55418	P SCHWARZKOPF/E SCHWARZKOPF	RESIDENTIAL	$292,000	32 ft
2815 POLK ST N E MINNEAPOLIS MN 55418	BRENT MYERS	RESIDENTIAL-TWO UNIT	$425,900	38 ft
2823 POLK ST N E MINNEAPOLIS MN 55418	RICHARD J COLES	RESIDENTIAL-TWO UNIT	$350,500	63 ft
2811 POLK ST N E MINNEAPOLIS MN 55418	D E ZUMBA & A S SANDOVAL	RESIDENTIAL	$357,400	82 ft
2825 POLK ST N E MINNEAPOLIS MN 55418	SAMUEL B STEWART	RESIDENTIAL	$328,200	94 ft
2827 POLK ST N E MINNEAPOLIS MN 55418	L PRIVETTE & B SPERL	RESIDENTIAL-TWO UNIT	$321,100	125 ft
2805 POLK ST N E MINNEAPOLIS MN 55418	J D SCHULTE & C L SCHULTE	RESIDENTIAL-TWO UNIT	$408,300	135 ft
2831 POLK ST N E MINNEAPOLIS MN 55418	NATHAN D RAY/KATHERINE M RAY	RESIDENTIAL	$342,900	155 ft
1013 28TH AVE N E MINNEAPOLIS MN 55418	JESSE ROCK & REBECCA ROCK	APARTMENT	$599,000	159 ft
2803 POLK ST N E MINNEAPOLIS MN 55418	JOEL BRUNS	RESIDENTIAL	$565,000	180 ft

Property History

Most Recent Sale

Date200906

Price$82,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,916