2615 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924230077

Property Overview

Parcel ID1202924230077

Lot Size8,373 sq ft (0.192 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerALEXEI SAFONOV

Assessed Value$339,300

Land Value$139,000

Building Value$200,300

Annual Tax$6,443

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2022 · $5K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

MESPO HEATING AND COOLING INC

ExistresMay 2025Closed

$5K

MESPO HEATING AND COOLING INC

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResMar 2022Closed

CenterPoint Energy Resource Corp

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
2611 POLK ST N E MINNEAPOLIS MN 55418	REBEKAH J ELLER	RESIDENTIAL	$315,000	46 ft
2619 POLK ST N E MINNEAPOLIS MN 55418	J K CHANDLER/N C CHANDLER TR	RESIDENTIAL-TWO UNIT	$406,000	46 ft
2623 POLK ST N E MINNEAPOLIS MN 55418	PINEWOOD LLC	RESIDENTIAL-TWO UNIT	$328,600	92 ft
1007 26TH AVE N E MINNEAPOLIS MN 55418	JAIDE PLANK	RESIDENTIAL-TWO UNIT	$334,800	118 ft
1011 26TH AVE N E MINNEAPOLIS MN 55418	ETHAN MCKNIGHT	RESIDENTIAL	$373,800	124 ft
1001 26TH AVE N E MINNEAPOLIS MN 55418	C CALCATERRA & K CALCATERRA	RESIDENTIAL	$366,300	136 ft
2627 POLK ST N E MINNEAPOLIS MN 55418	K L WALKER & B P WALKER	RESIDENTIAL-TWO UNIT	$455,500	138 ft
1019 26TH AVE N E MINNEAPOLIS MN 55418	JSW PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$338,000	183 ft
2631 POLK ST N E MINNEAPOLIS MN 55418	VICTORINO CORTES	RESIDENTIAL	$255,500	184 ft
2614 TAYLOR ST N E MINNEAPOLIS MN 55418	JEANNE R EILERS	RESIDENTIAL	$322,600	197 ft

Property History

Most Recent Sale

Date201308

Price$109,105

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,443