4901 PORTLAND AVE MINNEAPOLIS MN 55417

PID: 1402824230223

Property Overview

Parcel ID1402824230223

Lot Size5,268 sq ft (0.121 ac)

Lot Dimensions (est.)120 ft wide × 44 ft deep

Year Built1931

Property ClassRESIDENTIAL

OwnerMICHAEL WALDSTEIN ET AL

Assessed Value$377,500

Land Value$146,000

Building Value$231,500

Annual Tax$5,645

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 2022 · Most recent: Aug 2025 (res)

ResAug 2025Inspection

Paul Bunyan Plumbing, LLC

ExistresApr 2022Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Field · Minneapolis

Median reported rent1,682/mo

Renter-occupied6.3%

Median home value$446K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1116

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 width107 ft

Buildable depth4 ft

Area~2,471 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 2,471 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4905 PORTLAND AVE MINNEAPOLIS MN 55417	C J ROETHLER & K A HOROWITZ	RESIDENTIAL	$402,700	44 ft
4909 PORTLAND AVE MINNEAPOLIS MN 55417	M A BOUDREAU & T L ESPICH	RESIDENTIAL	$461,200	88 ft
4853 PORTLAND AVE MINNEAPOLIS MN 55417	A DAVIDSON & A DAVIDSON	RESIDENTIAL	$321,700	107 ft
4900 OAKLAND AVE MINNEAPOLIS MN 55417	JOHN & JANE VOGL TRUST	RESIDENTIAL	$351,100	131 ft
4915 PORTLAND AVE MINNEAPOLIS MN 55417	M E GREENLUND/SETH GREENLUND	RESIDENTIAL	$398,700	132 ft
4904 OAKLAND AVE MINNEAPOLIS MN 55417	CECILE M BEDOR	RESIDENTIAL	$456,800	138 ft
4849 PORTLAND AVE MINNEAPOLIS MN 55417	HUGH MULLIGAN & A MULLIGAN	RESIDENTIAL	$448,000	155 ft
4908 OAKLAND AVE MINNEAPOLIS MN 55417	L K SMRCKA & A C FISHBAUGH	RESIDENTIAL	$451,300	158 ft
4854 OAKLAND AVE MINNEAPOLIS MN 55417	RUPAK NAG & WENDY L NAG	RESIDENTIAL	$434,700	166 ft
4917 PORTLAND AVE MINNEAPOLIS MN 55417	JAMES JACKSON/REGINA JACKSON	RESIDENTIAL	$427,100	176 ft

Property History

Most Recent Sale

Date201002

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,645