1625 POLK ST N E MINNEAPOLIS MN 55413

PID: 1302924220044

Property Overview

Parcel ID1302924220044

Lot Size5,943 sq ft (0.136 ac)

Lot Dimensions (est.)132 ft wide × 45 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerMARCOS E LARA

Assessed Value$293,900

Land Value$123,000

Building Value$170,900

Annual Tax$5,253

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

1 permit on record since 2021 · Most recent: Sep 2021 (res)

ResSep 2021Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Northeast Park · Minneapolis

Median reported rent1,449/mo

Renter-occupied53.8%

Median home value$277K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1026

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 width35 ft

Buildable depth92 ft

Area~3,221 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 3,221 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
1623 POLK ST N E MINNEAPOLIS MN 55413	DANIEL J BUSSE	RESIDENTIAL	$156,600	44 ft
1701 POLK ST N E MINNEAPOLIS MN 55413	SARA ANN KRAS	RESIDENTIAL-TWO UNIT	$379,600	45 ft
1619 POLK ST N E MINNEAPOLIS MN 55413	DJ FINANCIAL LLC	RESIDENTIAL-TWO UNIT	$313,600	89 ft
1705 POLK ST N E MINNEAPOLIS MN 55413	EMILY A OURS	RESIDENTIAL	$275,000	90 ft
1626 TAYLOR ST N E MINNEAPOLIS MN 55413	KATHERINE DENISE JOHNSON	RESIDENTIAL	$335,300	132 ft
1709 POLK ST N E MINNEAPOLIS MN 55413	STEVEN E MUSZYNSKI	RESIDENTIAL-TWO UNIT	$311,400	135 ft
1700 TAYLOR ST N E MINNEAPOLIS MN 55413	L M DA SILVA & A DA SILVA	RESIDENTIAL	$305,800	139 ft
1620 TAYLOR ST N E MINNEAPOLIS MN 55413	1500 FILLMORE STREET LLC	LAND - INDUSTRIAL	$106,900	148 ft
1704 TAYLOR ST N E MINNEAPOLIS MN 55413	T WOXLAND & C WOXLAND	RESIDENTIAL	$321,700	160 ft
1713 POLK ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	180 ft

Property History

Most Recent Sale

Date201101

Price$125,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,253