2827 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924220055

Property Overview

Parcel ID1202924220055

Lot Size5,581 sq ft (0.128 ac)

Lot Dimensions (est.)182 ft wide × 31 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerL PRIVETTE & B SPERL

Assessed Value$321,100

Land Value$118,000

Building Value$203,100

Annual Tax$6,098

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2008 · $71K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$11K

TD ROOFING AND REMODELING LLC

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResMar 2022Closed

CenterPoint Energy Resource Corp

Building Re-inspectionDec 2008

$60K

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,414/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 width20 ft

Buildable depth146 ft

Area~2,935 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 2,935 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2825 POLK ST N E MINNEAPOLIS MN 55418	SAMUEL B STEWART	RESIDENTIAL	$328,200	31 ft
2831 POLK ST N E MINNEAPOLIS MN 55418	NATHAN D RAY/KATHERINE M RAY	RESIDENTIAL	$342,900	31 ft
2823 POLK ST N E MINNEAPOLIS MN 55418	RICHARD J COLES	RESIDENTIAL-TWO UNIT	$350,500	61 ft
2833 POLK ST N E MINNEAPOLIS MN 55418	SETH ERLING & MONICA ERLING	RESIDENTIAL	$408,900	69 ft
2821 POLK ST N E MINNEAPOLIS MN 55418	P SCHWARZKOPF/E SCHWARZKOPF	RESIDENTIAL	$292,000	92 ft
2839 POLK ST N E MINNEAPOLIS MN 55418	SHAWN ROERING	RESIDENTIAL	$392,700	115 ft
2819 POLK ST N E MINNEAPOLIS MN 55418	RAZORBLADE TRUST & M HERRIN	RESIDENTIAL-TWO UNIT	$392,300	125 ft
2843 POLK ST N E MINNEAPOLIS MN 55418	RYAN C LARSON	RESIDENTIAL	$346,800	161 ft
2815 POLK ST N E MINNEAPOLIS MN 55418	BRENT MYERS	RESIDENTIAL-TWO UNIT	$425,900	163 ft
2830 TAYLOR ST N E MINNEAPOLIS MN 55418	T G MACNEAL & A E WRIGHT	RESIDENTIAL	$398,400	199 ft

Property History

Most Recent Sale

Date202508

Price$341,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,098