2317 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924320172

Property Overview

Parcel ID1202924320172

Lot Size8,441 sq ft (0.194 ac)

Lot Dimensions (est.)180 ft wide × 47 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerANDREW MCCHAIN

Assessed Value$450,500

Land Value$141,000

Building Value$309,500

Annual Tax$8,555

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 2020 · $65K total declared value · Most recent: Mar 2022 (res)

ResMar 2022Closed

CenterPoint Energy Resource Corp

ResNov 2021Closed

B and B Plumbing Inc

RemodelFeb 2021Closed

$11K

AMERICAN WATERWORKS

RemodelDec 2020Closed

$54K

Andrew McChain

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 width37 ft

Buildable depth140 ft

Area~5,165 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 5,165 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
2315 POLK ST N E MINNEAPOLIS MN 55418	THOMAS A LEIER REV TRUST AGR	RESIDENTIAL-TWO UNIT	$410,200	45 ft
2327 POLK ST N E MINNEAPOLIS MN 55418	BRIDGET A TRAUT	RESIDENTIAL	$516,100	46 ft
2329 POLK ST N E MINNEAPOLIS MN 55418	JOANNE MAKAY	RESIDENTIAL	$390,500	91 ft
2313 POLK ST N E MINNEAPOLIS MN 55418	ERIE T ANDERSON	RESIDENTIAL-TWO UNIT	$298,200	98 ft
1009 23RD AVE N E MINNEAPOLIS MN 55418	BRADLEY D KOVACOVICH	RESIDENTIAL	$382,600	139 ft
1013 23RD AVE N E MINNEAPOLIS MN 55418	A E MYRBO & C B GILLETT	RESIDENTIAL	$342,300	156 ft
1008 24TH AVE N E MINNEAPOLIS MN 55418	JOHN & GAYLE DEWOLF	RESIDENTIAL-TWO UNIT	$313,300	159 ft
1003 23RD AVE N E MINNEAPOLIS MN 55418	MELISSA A GOERGEN	RESIDENTIAL	$377,700	160 ft
1016 24TH AVE N E MINNEAPOLIS MN 55418	CARLOS CAJAMARCA	RESIDENTIAL-TWO UNIT	$280,500	163 ft
1006 24TH AVE N E MINNEAPOLIS MN 55418	MIGUEL A TADAY	RESIDENTIAL-TWO UNIT	$352,400	163 ft

Property History

Most Recent Sale

Date201310

Price$235,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$8,555