4249 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 1102824320176

Property Overview

Parcel ID1102824320176

Lot Size4,663 sq ft (0.107 ac)

Lot Dimensions (est.)117 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerD M PEDERSON & RIELY M JESME

Assessed Value$331,600

Land Value$103,000

Building Value$228,600

Annual Tax$4,880

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

2 permits on record since 2023 · $17K total declared value · Most recent: Aug 2023 (misc)

MiscAug 2023Closed

$17K

CEDAR VALLEY EXTERIORS INC

ResAug 2023Closed

Water Heaters Now Inc

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 depth77 ft

Area~2,296 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 2,296 sqft buildable area.

Est. units

Yield on cost

1.6%

Spread

-3.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4245 PORTLAND AVE MINNEAPOLIS MN 55407	EDWARD D GAIDA	RESIDENTIAL	$342,000	40 ft
4253 PORTLAND AVE MINNEAPOLIS MN 55407	ANDREW ZHAO & MAUREEN ZHAO	RESIDENTIAL	$418,100	47 ft
4241 PORTLAND AVE MINNEAPOLIS MN 55407	JOHN MESJAK & LAURA MESJAK	RESIDENTIAL	$369,800	83 ft
4237 PORTLAND AVE MINNEAPOLIS MN 55407	BRUCE RICHARD LEE	RESIDENTIAL	$298,100	125 ft
4248 OAKLAND AVE MINNEAPOLIS MN 55407	HOLLY BOYUM	RESIDENTIAL	$890,000	130 ft
4244 OAKLAND AVE MINNEAPOLIS MN 55407	MEGAN VANDERVEST	RESIDENTIAL	$296,300	137 ft
4252 OAKLAND AVE MINNEAPOLIS MN 55407	L CURRY-SCHAUT/J SCHAUT	RESIDENTIAL	$287,400	138 ft
4242 OAKLAND AVE MINNEAPOLIS MN 55407	CALLIE HOGAN & JOHN HEALY	RESIDENTIAL	$383,900	152 ft
4301 PORTLAND AVE MINNEAPOLIS MN 55407	K M AHART & J D AHART	RESIDENTIAL	$351,900	156 ft
4233 PORTLAND AVE MINNEAPOLIS MN 55407	NICOLE HUEBNER BRIESE	RESIDENTIAL	$315,500	165 ft

Property History

Most Recent Sale

Date201604

Price$229,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,880