4449 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 1102824330077

Property Overview

Parcel ID1102824330077

Lot Size5,040 sq ft (0.116 ac)

Lot Dimensions (est.)118 ft wide × 43 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerJ MARTINEZ-MELCHIONNE ETAL

Assessed Value$411,800

Land Value$107,000

Building Value$304,800

Annual Tax$6,218

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 2020 · Most recent: Jul 2020 (res)

ResJul 2020Cancelled

Water Heaters Now Inc

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

Neighborhood Profile

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width105 ft

Buildable depth3 ft

Area~2,316 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 2,316 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
4445 PORTLAND AVE MINNEAPOLIS MN 55407	ALEXANDER A GHEBREGZI	RESIDENTIAL	$301,200	46 ft
4441 PORTLAND AVE MINNEAPOLIS MN 55407	ALEXANDER GHEBREGZI	RESIDENTIAL-TWO UNIT	$473,100	96 ft
4501 PORTLAND AVE MINNEAPOLIS MN 55407	H WILLIAMS & C WILLIAMS	RESIDENTIAL	$351,000	108 ft
4444 OAKLAND AVE MINNEAPOLIS MN 55407	PHILIP ALLEN GALBERTH	RESIDENTIAL	$305,000	131 ft
4440 OAKLAND AVE MINNEAPOLIS MN 55407	RUTH A JAMES	RESIDENTIAL	$352,700	140 ft
4437 PORTLAND AVE MINNEAPOLIS MN 55407	ALEXANDER GHEBREGZI	RESIDENTIAL-TWO UNIT	$489,300	147 ft
4505 PORTLAND AVE MINNEAPOLIS MN 55407	SUSAN A SHEHATA	RESIDENTIAL	$343,900	148 ft
4436 OAKLAND AVE MINNEAPOLIS MN 55407	GWENDOLYN M FRACTION TRUST	RESIDENTIAL	$431,200	165 ft
4500 OAKLAND AVE MINNEAPOLIS MN 55407	KOHEL REVOCABLE TRUST	RESIDENTIAL	$409,200	169 ft
4509 PORTLAND AVE MINNEAPOLIS MN 55407	MEGAN WEED & JOSHUA WEED	RESIDENTIAL	$348,200	188 ft

Property History

Most Recent Sale

Date202509

Price$425,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,218