3223 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 0202824230103

Property Overview

Parcel ID0202824230103

Lot Size5,023 sq ft (0.115 ac)

Lot Dimensions (est.)118 ft wide × 42 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJ L STRAUMAN & J D MORAVEC

Assessed Value$278,000

Land Value$48,000

Building Value$230,000

Annual Tax$3,987

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $48K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$48K

CAPITAL CONSTRUCTION LLC

ResApr 2022Closed

Warners Stellian Co Inc

ResApr 2021Closed

WOODLAND STOVES & FIREPLACES

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

Neighborhood Profile

Central · Minneapolis

Median reported rent1,458/mo

Renter-occupied34.5%

Median home value$302K

Vacancy rate11.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 84

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 depth86 ft

Area~2,539 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 2,539 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3219 PORTLAND AVE MINNEAPOLIS MN 55407	3219 PORTLAND AVE LLC	RESIDENTIAL-TWO UNIT	$249,500	42 ft
3227 PORTLAND AVE MINNEAPOLIS MN 55407	JUDY BLUE & MARCUS BLUE	RESIDENTIAL-TWO UNIT	$360,600	43 ft
3215 PORTLAND AVE MINNEAPOLIS MN 55407	CATHERINE M MATOUSEK	RESIDENTIAL	$275,000	81 ft
3231 PORTLAND AVE MINNEAPOLIS MN 55407	JEFF MAMMENGA	RESIDENTIAL	$401,000	85 ft
3209 PORTLAND AVE MINNEAPOLIS MN 55407	GLORIA E ZHINA ORBE	TRIPLEX	$235,500	123 ft
3220 OAKLAND AVE MINNEAPOLIS MN 55407	TEH MNHOMES2GO INC	RESIDENTIAL	$241,000	130 ft
3224 OAKLAND AVE MINNEAPOLIS MN 55407	PAOLA P MARTINEZ CHIRIGUAYA	RESIDENTIAL	$180,000	136 ft
3218 OAKLAND AVE MINNEAPOLIS MN 55407	JESUS LEON CERVANTES ET AL	RESIDENTIAL-TWO UNIT	$266,200	136 ft
3233 PORTLAND AVE MINNEAPOLIS MN 55407	S P O'BRIEN & J L VAN HUNNIK	RESIDENTIAL	$455,000	136 ft
3214 OAKLAND AVE MINNEAPOLIS MN 55407	KHRIS J LASSARD	RESIDENTIAL-TWO UNIT	$274,700	153 ft

Property History

Most Recent Sale

Date201509

Price$195,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,987