714 POLK ST N E MINNEAPOLIS MN 55413

PID: 1302924320009

Property Overview

Parcel ID1302924320009

Lot Size5,192 sq ft (0.119 ac)

Lot Dimensions (est.)131 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMAURICE SCHULTZ

Assessed Value$154,000

Land Value$101,000

Building Value$53,000

Annual Tax$1,925

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Beltrami · 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 width30 ft

Buildable depth90 ft

Area~2,697 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 2,697 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
710 POLK ST N E MINNEAPOLIS MN 55413	BELDEN RIVER REAL ESTATE LLC	RESIDENTIAL	$157,000	39 ft
718 POLK ST N E MINNEAPOLIS MN 55413	JASON J POTTER	RESIDENTIAL	$257,000	40 ft
706 POLK ST N E MINNEAPOLIS MN 55413	MICHELLE MARY LEERHOFF	RESIDENTIAL-TWO UNIT	$319,900	79 ft
728 POLK ST N E MINNEAPOLIS MN 55413	N R HAYLUND & M E HAYLUND	RESIDENTIAL	$399,900	99 ft
1023 SUMMER ST N E MINNEAPOLIS MN 55413	HANS ROLFE BORICH	RESIDENTIAL	$309,500	119 ft
721 TYLER ST N E MINNEAPOLIS MN 55413	SHAWN S EVENSON	RESIDENTIAL	$360,200	138 ft
707 TYLER ST N E MINNEAPOLIS MN 55413	ALEXANDER ZHU	RESIDENTIAL-ZERO LOT LINE	$209,300	142 ft
723 TYLER ST N E MINNEAPOLIS MN 55413	ROBERT J DENOYER	RESIDENTIAL-TWO UNIT	$404,000	148 ft
705 TYLER ST N E MINNEAPOLIS MN 55413	BUNSANN LIENG	RESIDENTIAL	$209,300	150 ft
701 TYLER ST N E MINNEAPOLIS MN 55413	ABEL TEJADA	RESIDENTIAL-TWO UNIT	$388,000	165 ft

Property History

Current Tax Year

Year2026

Tax Due$1,925