4704 PORTLAND AVE MINNEAPOLIS MN 55407

PID: 1502824110130

Property Overview

Parcel ID1502824110130

Lot Size4,769 sq ft (0.109 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerP & K LEE-KAROL

Assessed Value$302,900

Land Value$108,000

Building Value$194,900

Annual Tax$4,401

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

3 permits on record since 2024 · Most recent: Jan 2025 (existres)

ExistresJan 2025Closed

CENTERPOINT ENERGY

ResJul 2024Closed

Urban Pine Plumbing and Mechanical Inc

ResJul 2024Closed

Warners Stellian Co Inc

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

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 depth79 ft

Area~2,376 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 2,376 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
4700 PORTLAND AVE MINNEAPOLIS MN 55407	P JACOBSEN & C JACOBSEN	RESIDENTIAL	$286,100	40 ft
4708 PORTLAND AVE MINNEAPOLIS MN 55407	S SKAAR & G ST CLAIR	RESIDENTIAL	$280,400	40 ft
4712 PORTLAND AVE MINNEAPOLIS MN 55407	DONALD MICHAEL DENNISON	RESIDENTIAL	$302,700	80 ft
4716 PORTLAND AVE MINNEAPOLIS MN 55407	EVA WILCOX & ANDREW WILCOX	RESIDENTIAL	$309,100	120 ft
4705 5TH AVE S MINNEAPOLIS MN 55419	HAROLD G ADAMS & WIFE	RESIDENTIAL	$272,800	133 ft
4701 5TH AVE S MINNEAPOLIS MN 55419	A J LOCHNER & R S LAKIN	RESIDENTIAL	$351,600	138 ft
4656 PORTLAND AVE MINNEAPOLIS MN 55407	ELIZABETH M BERG	RESIDENTIAL	$310,600	140 ft
4709 5TH AVE S MINNEAPOLIS MN 55419	K A BLAUVELT & C J ZOLL	RESIDENTIAL	$447,200	140 ft
4715 5TH AVE S MINNEAPOLIS MN 55419	LYNDSEY SYPHERD	RESIDENTIAL	$390,300	157 ft
4720 PORTLAND AVE MINNEAPOLIS MN 55407	JASON M CLARK/MARIA M CLARK	RESIDENTIAL	$311,400	160 ft

Property History

Current Tax Year

Year2026

Tax Due$4,401