2718 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924220097

Property Overview

Parcel ID1202924220097

Lot Size8,144 sq ft (0.187 ac)

Lot Dimensions (est.)177 ft wide × 46 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerABRA WILLIAMS

Assessed Value$360,500

Land Value$129,000

Building Value$231,500

Annual Tax$5,552

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

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 width36 ft

Buildable depth137 ft

Area~4,933 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 4,933 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
2720 POLK ST N E MINNEAPOLIS MN 55418	R B LUMRY & K M TANOUYE	RESIDENTIAL	$665,000	46 ft
2714 POLK ST N E MINNEAPOLIS MN 55418	ANDREW S DROEN	RESIDENTIAL-TWO UNIT	$342,700	46 ft
2726 POLK ST N E MINNEAPOLIS MN 55418	ANDREW PAYNE & HOLLY PAYNE	RESIDENTIAL	$477,200	92 ft
2710 POLK ST N E MINNEAPOLIS MN 55418	LEE J LARSON	RESIDENTIAL-TWO UNIT	$344,600	92 ft
2730 POLK ST N E MINNEAPOLIS MN 55418	NUBE GUILLEN ENCALADA	RESIDENTIAL	$283,000	138 ft
2706 POLK ST N E MINNEAPOLIS MN 55418	GRANITE PORT PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$305,400	142 ft
949 27TH AVE N E MINNEAPOLIS MN 55418	CHRISTOPHER A OSWOOD	RESIDENTIAL	$285,300	165 ft
945 27TH AVE N E MINNEAPOLIS MN 55418	MAUNGHI TANG PEARSON	RESIDENTIAL-TWO UNIT	$301,100	176 ft
2734 POLK ST N E MINNEAPOLIS MN 55418	E L VANSICLEN & S J COOK	RESIDENTIAL-TWO UNIT	$379,300	184 ft
2702 POLK ST N E MINNEAPOLIS MN 55418	CHARITY A BAKER	RESIDENTIAL-TWO UNIT	$381,800	187 ft

Property History

Most Recent Sale

Date201301

Price$53,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,552