3441 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 0202824320240

Property Overview

Parcel ID0202824320240

Lot Size5,789 sq ft (0.133 ac)

Lot Dimensions (est.)118 ft wide × 49 ft deep

Year Built1918

Property ClassCONDOMINIUM

OwnerA V PENUGONDA & C O AUDI

Assessed Value$180,000

Land Value$32,900

Building Value$147,100

Annual Tax$2,361

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,284/mo

Renter-occupied41.2%

Median home value$251K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 95

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 width39 ft

Buildable depth78 ft

Area~3,046 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 3,046 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3441 PORTLAND AVE MINNEAPOLIS MN 55407	FINN RATER	CONDOMINIUM	$190,000	0 ft
3441 PORTLAND AVE MINNEAPOLIS MN 55407	JEANNE MINNICK	CONDOMINIUM	$181,000	0 ft
3441 PORTLAND AVE MINNEAPOLIS MN 55407	ANNA SCHUMACHER	CONDOMINIUM	$180,000	0 ft
MN	Unknown	—	—	0 ft
3445 PORTLAND AVE MINNEAPOLIS MN 55407	FIRE PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$365,200	49 ft
3437 PORTLAND AVE MINNEAPOLIS MN 55407	J L FERM & H FERM	APARTMENT	$759,000	49 ft
3433 PORTLAND AVE MINNEAPOLIS MN 55407	JACK SEDLEZKY	RESIDENTIAL-TWO UNIT	$347,300	98 ft
3444 OAKLAND AVE MINNEAPOLIS MN 55407	A H SANTOS & M D C D SANTOS	RESIDENTIAL-TWO UNIT	$329,700	130 ft
3440 OAKLAND AVE MINNEAPOLIS MN 55407	ANDREW RUHLAND/MEGAN RUHLAND	RESIDENTIAL	$337,100	138 ft
3450 OAKLAND AVE MINNEAPOLIS MN 55407	CASANDRA ANN OLSON	RESIDENTIAL	$299,500	139 ft

Property History

Most Recent Sale

Date201904

Price$165,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,361