2014 POLK ST N E MINNEAPOLIS MN 55418

PID: 1202924330208

Property Overview

Parcel ID1202924330208

Lot Size6,296 sq ft (0.145 ac)

Lot Dimensions (est.)140 ft wide × 45 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerJOEL MERKENS

Assessed Value$384,600

Land Value$119,000

Building Value$265,600

Annual Tax$8,051

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $9K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$9K

Red Line Contracting

ExistresJun 2023Closed

Residential Heating and Air Conditioning Inc

ResApr 2022Closed

CenterPoint Energy Resource Corp

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth106 ft

Area~3,496 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 3-story wood frame (5–12 units) benchmarks for 3,496 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2018 POLK ST N E MINNEAPOLIS MN 55418	BRADY MILLER	RESIDENTIAL	$368,600	43 ft
2010 POLK ST N E MINNEAPOLIS MN 55418	TARA J SCHMOLL	RESIDENTIAL	$292,400	44 ft
2011 CENTRAL AVE N E MINNEAPOLIS MN 55418	GASPARRE NEW BOSTON SQ LLC	VACANT LAND-APARTMENT	$86,300	93 ft
954 22ND AVE N E MINNEAPOLIS MN 55418	JENNICA KRUSE	RESIDENTIAL	$198,000	108 ft
957 20TH AVE N E MINNEAPOLIS MN 55418	ANDERSON MILFORT	RESIDENTIAL-TWO UNIT	$270,200	109 ft
958 22ND AVE N E MINNEAPOLIS MN 55418	JOHN B & PAMELA J SUNT	RESIDENTIAL	$290,000	112 ft
959 20TH AVE N E MINNEAPOLIS MN 55418	VIVEK & KOMAL KIRAN KAMRAN	RESIDENTIAL-TWO UNIT	$315,000	116 ft
953 20TH AVE N E MINNEAPOLIS MN 55418	JINGHAI NIU & YALE ZHANG	RESIDENTIAL-TWO UNIT	$259,000	120 ft
952 22ND AVE N E MINNEAPOLIS MN 55418	GEORGE MILBERG	RESIDENTIAL-TWO UNIT	$259,900	120 ft
948 22ND AVE N E MINNEAPOLIS MN 55418	GASPARRE NEW BOSTON SQ LLC	VACANT LAND-APARTMENT	$40,800	141 ft

Property History

Most Recent Sale

Date202109

Price$381,300

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,051