2651 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924230086

Property Overview

Parcel ID1202924230086

Lot Size8,373 sq ft (0.192 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerMARY GONZAGA

Assessed Value$384,000

Land Value$139,000

Building Value$245,000

Annual Tax$5,776

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $36K total declared value · Most recent: Jul 2019 (existres)

ExistresJul 2019Closed

Residential Heating and Air Conditioning Inc

AdditionJun 2019Closed

$6K

LENS CUSTOM REMODELING INC

ResApr 2019Closed

B and B Plumbing Inc

ExistresApr 2019Closed

Residential Heating and Air Conditioning Inc

RemodelMar 2019Closed

$30K

LENS CUSTOM REMODELING 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width167 ft

Buildable depth6 ft

Area~4,404 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 4,404 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2647 POLK ST N E MINNEAPOLIS MN 55418	POLK STREET L L C	RESIDENTIAL-TWO UNIT	$441,400	46 ft
2643 POLK ST N E MINNEAPOLIS MN 55418	R M ROBERTS & P A ROBERTS	RESIDENTIAL	$409,900	92 ft
1007 27TH AVE N E MINNEAPOLIS MN 55418	E L RAINWATER/G O B LEINBACH	RESIDENTIAL	$297,200	131 ft
1016 27TH AVE N E MINNEAPOLIS MN 55418	VIOLET A OLSON	RESIDENTIAL	$342,700	131 ft
1001 27TH AVE N E MINNEAPOLIS MN 55418	A CORTES & M A JIMENEZ	RESIDENTIAL-TWO UNIT	$461,100	136 ft
2637 POLK ST N E MINNEAPOLIS MN 55418	JEAN NOEL GUERMONPREZ	RESIDENTIAL-TWO UNIT	$417,600	138 ft
1017 27TH AVE N E MINNEAPOLIS MN 55418	E RAINWATER & G LEINBACH	RESIDENTIAL-TWO UNIT	$299,100	146 ft
2635 POLK ST N E MINNEAPOLIS MN 55418	CULLEN HOMES INC	RESIDENTIAL-TWO UNIT	$391,800	184 ft
1021 27TH AVE N E MINNEAPOLIS MN 55418	DOUGLAS A BURMAN	RESIDENTIAL	$286,000	185 ft
960 27TH AVE N E MINNEAPOLIS MN 55418	BO-NE LLC	TRIPLEX	$451,700	194 ft

Property History

Most Recent Sale

Date202503

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,776