642 POLK ST N E MINNEAPOLIS MN 55413

PID: 1302924320044

Property Overview

Parcel ID1302924320044

Lot Size5,198 sq ft (0.119 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerCHRISTOPHER P LAMBE

Assessed Value$285,500

Land Value$86,000

Building Value$199,500

Annual Tax$4,417

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 2018 · Most recent: Nov 2018 (res)

ResNov 2018Expired

Urban Pine Plumbing and Mechanical Inc

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

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~2,701 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 2,701 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
646 POLK ST N E MINNEAPOLIS MN 55413	ALEXANDER KADO	RESIDENTIAL	$202,900	40 ft
638 POLK ST N E MINNEAPOLIS MN 55413	638 POLK STREET LLC	APARTMENT	$980,000	58 ft
650 POLK ST N E MINNEAPOLIS MN 55413	DAVID A & JEANETTE DICKINSON	RESIDENTIAL-TWO UNIT	$344,900	79 ft
652 POLK ST N E MINNEAPOLIS MN 55413	ARLENE ZAMORA	RESIDENTIAL	$341,000	139 ft
1000 SUMMER ST N E MINNEAPOLIS MN 55413	B N RR	RAILROAD	$0	157 ft
1012 SUMMER ST N E MINNEAPOLIS MN 55413	GT NORTHERN RY CO	RAILROAD	$0	161 ft
641 POLK ST N E MINNEAPOLIS MN 55413	ELEANOR R BELL/KEITH A BELL	TRIPLEX	$496,300	193 ft
637 POLK ST N E MINNEAPOLIS MN 55413	JON N LOCA	RESIDENTIAL-TWO UNIT	$343,700	197 ft
645 POLK ST N E MINNEAPOLIS MN 55413	KEITH BELL & ELEANOR BELL	RESIDENTIAL	$263,100	199 ft
633 POLK ST N E MINNEAPOLIS MN 55413	JT'S ADVENTURE LLC	RESIDENTIAL	$226,000	218 ft

Property History

Most Recent Sale

Date199505

Price$28,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,417