2739 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924220142

Property Overview

Parcel ID1202924220142

Lot Size8,373 sq ft (0.192 ac)

Lot Dimensions (est.)182 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerP R KRUCHTEN & S M KRUCHTEN

Assessed Value$332,000

Land Value$139,000

Building Value$193,000

Annual Tax$4,905

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 2021 · Most recent: Mar 2022 (res)

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResDec 2021Closed

Warners Stellian Co Inc

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 width36 ft

Buildable depth142 ft

Area~5,112 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 5,112 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2735 POLK ST N E MINNEAPOLIS MN 55418	GOLDEN GOPHER PROPERTIES LLC	RESIDENTIAL	$234,000	46 ft
2743 POLK ST N E MINNEAPOLIS MN 55418	CAROL PATRICIA KARPINSKI	RESIDENTIAL	$318,500	46 ft
2747 POLK ST N E MINNEAPOLIS MN 55418	2747 POLK ST NE LLC	RESIDENTIAL-TWO UNIT	$447,000	91 ft
2731 POLK ST N E MINNEAPOLIS MN 55418	C WILSON & J LINNBERG	RESIDENTIAL	$381,200	92 ft
2727 POLK ST N E MINNEAPOLIS MN 55418	J MUNSTERTEIGER ET AL	RESIDENTIAL-TWO UNIT	$455,600	138 ft
2749 POLK ST N E MINNEAPOLIS MN 55418	MICAH DON PATCHIN	RESIDENTIAL-TWO UNIT	$387,900	143 ft
1016 28TH AVE N E MINNEAPOLIS MN 55418	TIMOTHY P NELSON	RESIDENTIAL	$287,100	144 ft
1018 28TH AVE N E MINNEAPOLIS MN 55418	AGNES CHIK FUFA	LOW INCOME RENTAL	$347,000	184 ft
2723 POLK ST N E MINNEAPOLIS MN 55418	E A ROBINSON & J M DAMON	RESIDENTIAL	$659,100	184 ft
2738 TAYLOR ST N E MINNEAPOLIS MN 55418	MICHAEL P SCOZZARI & WIFE	RESIDENTIAL	$369,900	197 ft

Property History

Most Recent Sale

Date199207

Price$61,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,905