3116 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 0302824110226

Property Overview

Parcel ID0302824110226

Lot Size10,742 sq ft (0.247 ac)

Lot Dimensions (est.)120 ft wide × 90 ft deep

Year Built1897

Property ClassRESIDENTIAL

OwnerPAULINE THOMAS

Assessed Value$532,000

Land Value$66,000

Building Value$466,000

Annual Tax$10,050

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width80 ft

Buildable depth79 ft

Area~6,343 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 6,343 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3112 PORTLAND AVE MINNEAPOLIS MN 55407	DAVID G PARKER	RESIDENTIAL	$117,400	67 ft
3120 PORTLAND AVE MINNEAPOLIS MN 55407	J T & J A CLANCY	RESIDENTIAL	$207,000	67 ft
3104 PORTLAND AVE MINNEAPOLIS MN 55407	NATALIE M SIGLER	RESIDENTIAL	$354,100	113 ft
3124 PORTLAND AVE MINNEAPOLIS MN 55407	A W THOMPSON & R A PETERSON	RESIDENTIAL	$332,000	113 ft
3117 5TH AVE S MINNEAPOLIS MN 55408	LUIS C C CHIMBORAZO	RESIDENTIAL	$277,000	133 ft
3113 5TH AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	133 ft
3121 5TH AVE S MINNEAPOLIS MN 55408	YAN HONG WU	RESIDENTIAL	$394,000	147 ft
3109 5TH AVE S MINNEAPOLIS MN 55408	JINGHAN QU	RESIDENTIAL	$168,300	148 ft
3128 PORTLAND AVE MINNEAPOLIS MN 55407	T SOLBERG & M VARGAS	RESIDENTIAL	$287,000	158 ft
3100 PORTLAND AVE MINNEAPOLIS MN 55407	M P CARLYLE & G W CARLYLE	RESIDENTIAL	$218,000	161 ft

Property History

Current Tax Year

Year2026

Tax Due$10,050