5041 PORTLAND AVE MINNEAPOLIS MN 55417

PID: 1402824320053

Property Overview

Parcel ID1402824320053

Lot Size5,081 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerE L MCBRAYER & B A MCBRAYER

Assessed Value$375,300

Land Value$127,000

Building Value$248,300

Annual Tax$5,609

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: Oct 2020 (existres)

ExistresOct 2020Closed

Airic's Heating & Air Conditioning Inc

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

Neighborhood Profile

Page · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,610 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 2,610 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5037 PORTLAND AVE MINNEAPOLIS MN 55417	STONE FAMILY TRUST	RESIDENTIAL	$383,800	40 ft
5045 PORTLAND AVE MINNEAPOLIS MN 55417	D L SKILAR & J L SKILAR	RESIDENTIAL	$429,800	40 ft
5033 PORTLAND AVE MINNEAPOLIS MN 55417	JOHN M & LESLIE C PASHALEK	RESIDENTIAL	$384,900	80 ft
5029 PORTLAND AVE MINNEAPOLIS MN 55417	HANNAH SCHMITZ	RESIDENTIAL	$420,000	120 ft
5036 OAKLAND AVE MINNEAPOLIS MN 55417	SHAUN P MURPHY ET AL	RESIDENTIAL	$502,400	141 ft
5040 OAKLAND AVE MINNEAPOLIS MN 55417	LAURIANNE M MORRISON	RESIDENTIAL	$590,600	146 ft
5028 OAKLAND AVE MINNEAPOLIS MN 55417	RUSSELL E KRUSE ET AL REV TR	RESIDENTIAL	$509,900	157 ft
5025 PORTLAND AVE MINNEAPOLIS MN 55417	J R POLLOWAY & C B STEPHENS	RESIDENTIAL	$339,400	160 ft
5105 PORTLAND AVE MINNEAPOLIS MN 55417	J LANGENFELD REVOC TR ET AL	RESIDENTIAL	$619,000	165 ft
5024 OAKLAND AVE MINNEAPOLIS MN 55417	K KAUPHUSMAN/Z VACOVSKY	RESIDENTIAL	$563,900	191 ft

Property History

Most Recent Sale

Date198602

Price$73,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,609