2747 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924220144

Property Overview

Parcel ID1202924220144

Lot Size7,636 sq ft (0.175 ac)

Lot Dimensions (est.)182 ft wide × 42 ft deep

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

Owner2747 POLK ST NE LLC

Assessed Value$447,000

Land Value$66,500

Building Value$157,000

Annual Tax$5,110

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

1 permit on record since 2018 · Most recent: Nov 2018 (existres)

ExistresNov 2018Expired

Airic's Heating & Air Conditioning 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 depth126 ft

Area~4,375 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 4,375 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
2743 POLK ST N E MINNEAPOLIS MN 55418	CAROL PATRICIA KARPINSKI	RESIDENTIAL	$318,500	45 ft
2749 POLK ST N E MINNEAPOLIS MN 55418	MICAH DON PATCHIN	RESIDENTIAL-TWO UNIT	$387,900	58 ft
1016 28TH AVE N E MINNEAPOLIS MN 55418	TIMOTHY P NELSON	RESIDENTIAL	$287,100	72 ft
2739 POLK ST N E MINNEAPOLIS MN 55418	P R KRUCHTEN & S M KRUCHTEN	RESIDENTIAL	$332,000	91 ft
2735 POLK ST N E MINNEAPOLIS MN 55418	GOLDEN GOPHER PROPERTIES LLC	RESIDENTIAL	$234,000	137 ft
1018 28TH AVE N E MINNEAPOLIS MN 55418	AGNES CHIK FUFA	LOW INCOME RENTAL	$347,000	150 ft
2803 POLK ST N E MINNEAPOLIS MN 55418	JOEL BRUNS	RESIDENTIAL	$565,000	159 ft
2731 POLK ST N E MINNEAPOLIS MN 55418	C WILSON & J LINNBERG	RESIDENTIAL	$381,200	182 ft
1013 28TH AVE N E MINNEAPOLIS MN 55418	JESSE ROCK & REBECCA ROCK	APARTMENT	$599,000	187 ft
1028 28TH AVE N E MINNEAPOLIS MN 55418	JOHN XIANG RHONG SOH	RESIDENTIAL-TWO UNIT	$317,900	204 ft

Property History

Most Recent Sale

Date202106

Price$412,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,110