4512 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 1002824440174

Property Overview

Parcel ID1002824440174

Lot Size4,777 sq ft (0.110 ac)

Lot Dimensions (est.)120 ft wide × 40 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerKYLE WEHNES/MARIE REGALA

Assessed Value$361,200

Land Value$105,000

Building Value$256,200

Annual Tax$5,375

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

1 permit on record since 2019 · Most recent: Apr 2019 (res)

ResApr 2019Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Regina · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth79 ft

Area~2,382 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 sfr / adu benchmarks for 2,382 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4516 PORTLAND AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	40 ft
4508 PORTLAND AVE MINNEAPOLIS MN 55407	S J & M P MCCAA	RESIDENTIAL	$358,100	47 ft
4520 PORTLAND AVE MINNEAPOLIS MN 55407	HECTOR A RUELAS/ROCIO CHAVEZ	RESIDENTIAL	$285,700	80 ft
4500 PORTLAND AVE MINNEAPOLIS MN 55407	J I M FIGUEROA & E R OCAMPO	RESIDENTIAL	$387,800	105 ft
4524 PORTLAND AVE MINNEAPOLIS MN 55407	BRITTANY ROSE BURNS	RESIDENTIAL	$438,600	120 ft
4515 5TH AVE S MINNEAPOLIS MN 55419	KC PROPERTIES 38-5 LLC	RESIDENTIAL-TWO UNIT	$472,400	133 ft
4509 5TH AVE S MINNEAPOLIS MN 55419	OSMAN ADAN/MOHAMED OSMAN ALI	RESIDENTIAL	$259,100	138 ft
4517 5TH AVE S MINNEAPOLIS MN 55419	ELPIDIO HERRERA	RESIDENTIAL	$317,000	147 ft
501 45TH ST E MINNEAPOLIS MN 55419	CARLOS SALDANA	RESIDENTIAL	$387,100	163 ft
4530 PORTLAND AVE MINNEAPOLIS MN 55407	ELPIDIO & PILAR HERRERA	RESIDENTIAL-TWO UNIT	$389,000	180 ft

Property History

Most Recent Sale

Date202505

Price$425,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,375