2533 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924230156

Property Overview

Parcel ID1202924230156

Lot Size8,373 sq ft (0.192 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerERIC ANDERSON/NATHAN EPSTEIN

Assessed Value$396,700

Land Value$139,000

Building Value$257,700

Annual Tax$7,534

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 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 small multifamily (2–4 units, wood frame) benchmarks for 5,112 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2537 POLK ST N E MINNEAPOLIS MN 55418	PETER WANNEMACHER	RESIDENTIAL	$345,100	38 ft
2529 POLK ST N E MINNEAPOLIS MN 55418	J H LYU/B VOEGELE/M S LYU	APARTMENT	$485,000	51 ft
2539 POLK ST N E MINNEAPOLIS MN 55418	F WIEFFERING & K ORTMANN	RESIDENTIAL	$352,800	69 ft
2525 POLK ST N E MINNEAPOLIS MN 55418	SAMUEL BLACK & ASHLEY BLACK	RESIDENTIAL	$526,500	98 ft
2541 POLK ST N E MINNEAPOLIS MN 55418	RICKY L HASTINGS	RESIDENTIAL	$201,700	100 ft
2521 POLK ST N E MINNEAPOLIS MN 55418	ANGELA GRANEY	RESIDENTIAL-TWO UNIT	$388,500	139 ft
1006 26TH AVE N E MINNEAPOLIS MN 55418	TEODORO ROTSTEIN	RESIDENTIAL-TWO UNIT	$307,700	162 ft
1010 26TH AVE N E MINNEAPOLIS MN 55418	MICHAEL ZIELINSKI	RESIDENTIAL-TWO UNIT	$290,500	166 ft
1004 26TH AVE N E MINNEAPOLIS MN 55418	LAELA S ERICKSON	RESIDENTIAL	$262,700	166 ft
1014 26TH AVE N E MINNEAPOLIS MN 55418	AJMAL AZIZI	RESIDENTIAL-TWO UNIT	$297,600	177 ft

Property History

Most Recent Sale

Date200405

Price$218,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,534