1908 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924330130

Property Overview

Parcel ID1202924330130

Lot Size6,150 sq ft (0.141 ac)

Lot Dimensions (est.)123 ft wide × 50 ft deep

Year Built1930

Property ClassRESIDENTIAL-TWO UNIT

OwnerLAURA MOLDE & KYLE ELLEFSON

Assessed Value$349,900

Land Value$117,000

Building Value$232,900

Annual Tax$5,205

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width40 ft

Buildable depth83 ft

Area~3,318 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 3,318 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1916 POLK ST N E MINNEAPOLIS MN 55418	MARCIA ANN BRUCCIANI	TRIPLEX	$432,400	50 ft
1904 POLK ST N E MINNEAPOLIS MN 55418	M A CALDWELL & J A CALEY	RESIDENTIAL-TWO UNIT	$323,600	50 ft
1920 POLK ST N E MINNEAPOLIS MN 55418	TAMMY LY	RESIDENTIAL-TWO UNIT	$353,500	100 ft
1900 POLK ST N E MINNEAPOLIS MN 55418	KRISTINE L MOLDE	RESIDENTIAL-TWO UNIT	$381,800	100 ft
1928 POLK ST N E MINNEAPOLIS MN 55418	J BROCKEL & D CLOUTIER	RESIDENTIAL-TWO UNIT	$373,100	150 ft
1003 19TH AVE N E MINNEAPOLIS MN 55418	ERIN TERESA STRAIT	RESIDENTIAL-TWO UNIT	$338,500	170 ft
1911 CENTRAL AVE N E MINNEAPOLIS MN 55418	CITY OF MPLS	COMMERCIAL-PREFERRED	$0	193 ft
1005 19TH AVE N E MINNEAPOLIS MN 55418	PAOLA NORMA NUNEZ-OBETZ	RESIDENTIAL-TWO UNIT	$283,500	204 ft
960 19TH AVE N E MINNEAPOLIS MN 55418	JAMES EISCHENS	APARTMENT	$412,000	205 ft
1000 20TH AVE N E MINNEAPOLIS MN 55418	FLOYD R BENNER	RESIDENTIAL-TWO UNIT	$277,800	208 ft

Property History

Most Recent Sale

Date201308

Price$155,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$5,205