2300 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924320147

Property Overview

Parcel ID1202924320147

Lot Size5,196 sq ft (0.119 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerMICHAELA BAUER

Assessed Value$279,200

Land Value$110,000

Building Value$169,200

Annual Tax$4,022

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 ↗

Cultural District — Central AvenueHigh

Within the Central Avenue Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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

2 permits on record since 2016 · $3K total declared value · Most recent: Sep 2017 (misc)

MiscSep 2017Closed

$3K

THE HOME DEPOT

ExistresDec 2016Closed

Home Energy Center Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Windom Park · Minneapolis

Median reported rent1,259/mo

Renter-occupied70.2%

Median home value$289K

Vacancy rate11.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1019

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 width115 ft

Buildable depth0 ft

Area~2,248 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,248 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2304 POLK ST N E MINNEAPOLIS MN 55418	DANIEL GUFFEY & EMILY GUFFEY	TRIPLEX	$708,500	40 ft
2310 POLK ST N E MINNEAPOLIS MN 55418	COLEMAN LEACH/MOLLY M LEACH	RESIDENTIAL-TWO UNIT	$337,900	83 ft
949 23RD AVE N E MINNEAPOLIS MN 55418	NEIGHBORHOOD HEALTHSOURCE	LAND-COMMERCIAL	$0	89 ft
2312 POLK ST N E MINNEAPOLIS MN 55418	C E AGUILAR/M R P PLASENCIA	RESIDENTIAL	$213,300	122 ft
952 23RD AVE N E MINNEAPOLIS MN 55418	T J HILBORN & A K HILBORN	RESIDENTIAL	$384,700	144 ft
956 23RD AVE N E MINNEAPOLIS MN 55418	C MILLER & K S MILLER	RESIDENTIAL	$364,400	150 ft
950 23RD AVE N E MINNEAPOLIS MN 55418	ERIK EID	RESIDENTIAL	$312,600	151 ft
2316 POLK ST N E MINNEAPOLIS MN 55418	CITY OF MPLS	LAND-COMMERCIAL	$0	152 ft
1001 23RD AVE N E MINNEAPOLIS MN 55418	ELIZABETH ANN MULVIHILL TR	RESIDENTIAL-TWO UNIT	$297,400	167 ft
946 23RD AVE N E MINNEAPOLIS MN 55418	MARY ANN PRADO/JEMEL STEVENS	RESIDENTIAL	$324,100	170 ft

Property History

Most Recent Sale

Date200712

Price$155,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,022