2315 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924320170

Property Overview

Parcel ID1202924320170

Lot Size7,630 sq ft (0.175 ac)

Lot Dimensions (est.)180 ft wide × 42 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerTHOMAS A LEIER REV TRUST AGR

Assessed Value$410,200

Land Value$136,000

Building Value$274,200

Annual Tax$6,215

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 ↗

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

4 permits on record since 2021 · $37K total declared value · Most recent: Jun 2024 (existres)

ExistresJun 2024Closed

CENTERPOINT ENERGY

RemodelApr 2023Closed

$6K

LEGACY SERVICES CORP

MiscFeb 2023Closed

$30K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

MiscJan 2021Closed

$1K

Safe Basements of MN

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

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 width32 ft

Buildable depth142 ft

Area~279 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Marginal

Back-of-envelope estimate based on sfr / adu benchmarks for 279 sqft buildable area.

Est. units

Yield on cost

5.0%

Spread

-0.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2317 POLK ST N E MINNEAPOLIS MN 55418	ANDREW MCCHAIN	RESIDENTIAL-TWO UNIT	$450,500	45 ft
2313 POLK ST N E MINNEAPOLIS MN 55418	ERIE T ANDERSON	RESIDENTIAL-TWO UNIT	$298,200	63 ft
2327 POLK ST N E MINNEAPOLIS MN 55418	BRIDGET A TRAUT	RESIDENTIAL	$516,100	90 ft
1009 23RD AVE N E MINNEAPOLIS MN 55418	BRADLEY D KOVACOVICH	RESIDENTIAL	$382,600	95 ft
1003 23RD AVE N E MINNEAPOLIS MN 55418	MELISSA A GOERGEN	RESIDENTIAL	$377,700	117 ft
1013 23RD AVE N E MINNEAPOLIS MN 55418	A E MYRBO & C B GILLETT	RESIDENTIAL	$342,300	118 ft
1001 23RD AVE N E MINNEAPOLIS MN 55418	ELIZABETH ANN MULVIHILL TR	RESIDENTIAL-TWO UNIT	$297,400	134 ft
2329 POLK ST N E MINNEAPOLIS MN 55418	JOANNE MAKAY	RESIDENTIAL	$390,500	135 ft
1019 23RD AVE N E MINNEAPOLIS MN 55418	DONALD JAMES JAMROS	RESIDENTIAL	$411,400	153 ft
1021 23RD AVE N E MINNEAPOLIS MN 55418	ZACHARY A KRAMER	RESIDENTIAL-TWO UNIT	$385,400	195 ft

Property History

Most Recent Sale

Date199206

Price$1

Type—

Current Tax Year

Year2026

Tax Due$6,215