3729 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 0202824330218

Property Overview

Parcel ID0202824330218

Lot Size4,957 sq ft (0.114 ac)

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

Year Built1957

Property ClassTRIPLEX

OwnerPAVEL IVANOV

Assessed Value$221,300

Land Value$73,000

Building Value$148,300

Annual Tax$4,186

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 ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 width32 ft

Buildable depth78 ft

Area~2,494 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 2,494 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
3725 PORTLAND AVE MINNEAPOLIS MN 55407	J M BEEKMAN & C BEEKMAN III	RESIDENTIAL-TWO UNIT	$379,800	42 ft
3733 PORTLAND AVE MINNEAPOLIS MN 55407	TEA PROPERTIES INC	RESIDENTIAL-TWO UNIT	$302,700	53 ft
3721 PORTLAND AVE MINNEAPOLIS MN 55407	LUCIA D GUAMAN	RESIDENTIAL-TWO UNIT	$357,300	89 ft
3741 PORTLAND AVE MINNEAPOLIS MN 55407	LUIS A PAUCAR	RESIDENTIAL	$419,000	116 ft
3728 OAKLAND AVE MINNEAPOLIS MN 55407	MARIANO ESPINOZA	RESIDENTIAL	$254,700	129 ft
3724 OAKLAND AVE MINNEAPOLIS MN 55407	AYAN M YUSUF	RESIDENTIAL	$392,700	136 ft
3732 OAKLAND AVE MINNEAPOLIS MN 55407	TRAM-ANH T NGO	RESIDENTIAL-TWO UNIT	$350,400	136 ft
3717 PORTLAND AVE MINNEAPOLIS MN 55407	MANRIQUE OLGUIN	RESIDENTIAL	$361,600	139 ft
3722 OAKLAND AVE MINNEAPOLIS MN 55407	JOYCE JOHNSON/PHUOC NGUYEN	RESIDENTIAL	$291,400	151 ft
3736 OAKLAND AVE MINNEAPOLIS MN 55407	TYSON MALCHOW	RESIDENTIAL	$295,000	155 ft

Property History

Most Recent Sale

Date201404

Price$115,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,186