3733 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 0202824330232

Property Overview

Parcel ID0202824330232

Lot Size7,435 sq ft (0.171 ac)

Lot Dimensions (est.)118 ft wide × 63 ft deep

Year Built1889

Property ClassRESIDENTIAL-TWO UNIT

OwnerTEA PROPERTIES INC

Assessed Value$302,700

Land Value$88,000

Building Value$214,700

Annual Tax$5,727

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

1 permit on record since 2026 · $9K total declared value · Most recent: Feb 2026 (misc)

MiscFeb 2026Closed

$9K

EMPIRE EXTERIORS INC

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

Neighborhood Profile

Central · 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 width53 ft

Buildable depth78 ft

Area~4,126 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 4,126 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
3729 PORTLAND AVE MINNEAPOLIS MN 55407	PAVEL IVANOV	TRIPLEX	$221,300	53 ft
3741 PORTLAND AVE MINNEAPOLIS MN 55407	LUIS A PAUCAR	RESIDENTIAL	$419,000	63 ft
3725 PORTLAND AVE MINNEAPOLIS MN 55407	J M BEEKMAN & C BEEKMAN III	RESIDENTIAL-TWO UNIT	$379,800	95 ft
3732 OAKLAND AVE MINNEAPOLIS MN 55407	TRAM-ANH T NGO	RESIDENTIAL-TWO UNIT	$350,400	129 ft
3736 OAKLAND AVE MINNEAPOLIS MN 55407	TYSON MALCHOW	RESIDENTIAL	$295,000	133 ft
3751 PORTLAND AVE MINNEAPOLIS MN 55407	ABDUL TEL & ANAS TEL	COMMERCIAL-PREFERRED	$476,000	138 ft
3728 OAKLAND AVE MINNEAPOLIS MN 55407	MARIANO ESPINOZA	RESIDENTIAL	$254,700	139 ft
3721 PORTLAND AVE MINNEAPOLIS MN 55407	LUCIA D GUAMAN	RESIDENTIAL-TWO UNIT	$357,300	142 ft
3740 OAKLAND AVE MINNEAPOLIS MN 55407	ELOY PONCE & CLARA PONCE	RESIDENTIAL	$322,000	150 ft
3724 OAKLAND AVE MINNEAPOLIS MN 55407	AYAN M YUSUF	RESIDENTIAL	$392,700	159 ft

Property History

Most Recent Sale

Date202603

Price$205,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,727