4632 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 1502824110034

Property Overview

Parcel ID1502824110034

Lot Size4,755 sq ft (0.109 ac)

Lot Dimensions (est.)119 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerKATHRYN CAROL O'BRIEN

Assessed Value$339,900

Land Value$108,000

Building Value$231,900

Annual Tax$5,018

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 2019 · Most recent: Oct 2019 (existres)

ExistresOct 2019Closed

Blue Ox Heating and Air LLC

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

Neighborhood Profile

Field · 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth79 ft

Area~2,366 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 small multifamily (2–4 units, wood frame) benchmarks for 2,366 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4628 PORTLAND AVE MINNEAPOLIS MN 55407	CHLOE FERRAR	RESIDENTIAL	$274,900	40 ft
4636 PORTLAND AVE MINNEAPOLIS MN 55407	F SANTIAGO & S SANTIAGO	RESIDENTIAL	$253,600	40 ft
4624 PORTLAND AVE MINNEAPOLIS MN 55407	T J WILLIAMS & L S WILLIAMS	RESIDENTIAL	$346,600	80 ft
4640 PORTLAND AVE MINNEAPOLIS MN 55407	S C MATTICE & C J MATTICE	RESIDENTIAL	$627,000	80 ft
4620 PORTLAND AVE MINNEAPOLIS MN 55407	SINEAD BARRY	RESIDENTIAL	$286,800	120 ft
4644 PORTLAND AVE MINNEAPOLIS MN 55407	LINDA SEN	RESIDENTIAL	$271,600	120 ft
4629 5TH AVE S MINNEAPOLIS MN 55419	ALICIA JOY/SHEILA RABIDEAUX	RESIDENTIAL	$378,900	135 ft
4637 5TH AVE S MINNEAPOLIS MN 55419	EDISON R MOROCHO SOLIS ET AL	RESIDENTIAL	$320,000	137 ft
4625 5TH AVE S MINNEAPOLIS MN 55419	NILA M MAYES	RESIDENTIAL	$313,800	153 ft
4641 5TH AVE S MINNEAPOLIS MN 55419	JACQUELINE J W COLEMAN	RESIDENTIAL	$414,500	156 ft

Property History

Current Tax Year

Year2026

Tax Due$5,018