4509 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 1102824330114

Property Overview

Parcel ID1102824330114

Lot Size4,697 sq ft (0.108 ac)

Lot Dimensions (est.)118 ft wide × 40 ft deep

Year Built1933

Property ClassRESIDENTIAL

OwnerMEGAN WEED & JOSHUA WEED

Assessed Value$348,200

Land Value$103,000

Building Value$245,200

Annual Tax$5,157

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

5 permits on record since 2017 · $26K total declared value · Most recent: May 2022 (misc)

MiscMay 2022Closed

$13K

DAYCO GENERAL INC

MiscJul 2020Closed

$5K

BAYPORT ROOFING AND SIDING LLC

RemodelFeb 2019Closed

$2K

THE EGRESS WINDOW COMPANY

RemodelJan 2019Closed

$6K

Joshua Weed

ExistresJul 2017Closed

Vito Mechanical 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~2,322 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 2,322 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
4515 PORTLAND AVE MINNEAPOLIS MN 55407	E SUNDMAN & S SUNDMAN	RESIDENTIAL	$386,300	40 ft
4505 PORTLAND AVE MINNEAPOLIS MN 55407	SUSAN A SHEHATA	RESIDENTIAL	$343,900	40 ft
4517 PORTLAND AVE MINNEAPOLIS MN 55407	J K LAUBE & P NESTINGEN	RESIDENTIAL	$315,000	80 ft
4501 PORTLAND AVE MINNEAPOLIS MN 55407	H WILLIAMS & C WILLIAMS	RESIDENTIAL	$351,000	80 ft
4521 PORTLAND AVE MINNEAPOLIS MN 55407	JASON R ROYS	RESIDENTIAL	$271,200	120 ft
4508 OAKLAND AVE MINNEAPOLIS MN 55407	JOHN HENRY SEE TRUST	RESIDENTIAL	$452,200	131 ft
4512 OAKLAND AVE MINNEAPOLIS MN 55407	R A HIETPAS & N HIETPAS	RESIDENTIAL	$404,000	136 ft
4504 OAKLAND AVE MINNEAPOLIS MN 55407	RACHELLE L ALBERTS-THORPE	RESIDENTIAL	$304,100	138 ft
4516 OAKLAND AVE MINNEAPOLIS MN 55407	DENTON STUTTE	RESIDENTIAL	$432,900	153 ft
4500 OAKLAND AVE MINNEAPOLIS MN 55407	KOHEL REVOCABLE TRUST	RESIDENTIAL	$409,200	155 ft

Property History

Most Recent Sale

Date201707

Price$311,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,157