2610 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924230013

Property Overview

Parcel ID1202924230013

Lot Size3,626 sq ft (0.083 ac)

Lot Dimensions (est.)112 ft wide × 32 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerGEOFFREY W KING ET AL

Assessed Value$355,700

Land Value$88,000

Building Value$267,700

Annual Tax$5,303

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · $12K total declared value · Most recent: Jul 2021 (res)

ResJul 2021Closed

MN Plumbing & Home Services INC

MiscSep 2017Closed

$12K

INNOVATIVE BUILDING & DESIGN LLC

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 width22 ft

Buildable depth73 ft

Area~1,610 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 1,610 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2614 POLK ST N E MINNEAPOLIS MN 55418	R W PIEPENBURG ET AL	RESIDENTIAL	$434,100	51 ft
949 26TH AVE N E MINNEAPOLIS MN 55418	EBULLIENT INVESTMENTS LLC	VACANT LAND-RESIDENTIAL	$2,800	71 ft
957 26TH AVE N E MINNEAPOLIS MN 55418	DLAC PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$291,300	77 ft
953 26TH AVE N E MINNEAPOLIS MN 55418	SCHOLARS OF THE FUTURE LLC	RESIDENTIAL-TWO UNIT	$260,600	84 ft
959 26TH AVE N E MINNEAPOLIS MN 55418	DLAC PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$331,500	85 ft
2620 POLK ST N E MINNEAPOLIS MN 55418	N-MI LE & C TOONEN	RESIDENTIAL-TWO UNIT	$531,000	91 ft
949 26TH AVE N E MINNEAPOLIS MN 55418	GENNADY AVERBAKH	RESIDENTIAL-TWO UNIT	$229,700	103 ft
947 26TH AVE N E MINNEAPOLIS MN 55418	EBULLIENT INVESTMENTS LLC	VACANT LAND-RESIDENTIAL	$3,900	103 ft
947 26TH AVE N E MINNEAPOLIS MN 55418	RYAN FLANAGAN	VACANT LAND-RESIDENTIAL	$82,000	129 ft
2622 POLK ST N E MINNEAPOLIS MN 55418	DUSTIN T ALLEBACH	RESIDENTIAL-TWO UNIT	$354,100	135 ft

Property History

Most Recent Sale

Date200605

Price$223,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,303