5920 PORTLAND AVE MINNEAPOLIS MN 55417

PID: 2202824410091

Property Overview

Parcel ID2202824410091

Lot Size7,451 sq ft (0.171 ac)

Lot Dimensions (est.)136 ft wide × 55 ft deep

Year Built1948

Property ClassRESIDENTIAL-TWO UNIT

OwnerADJUSTABLE RATE MTG TRUST

Assessed Value$440,200

Land Value$156,000

Building Value$284,200

Annual Tax$8,328

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2018 · $13K total declared value · Most recent: May 2021 (misc)

MiscMay 2021Closed

$4K

SMART BUILDERS INC

MiscSep 2020Closed

$8K

SMART BUILDERS INC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResJun 2018Closed

Janecky Plumbing Service Inc

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

Neighborhood Profile

Diamond Lake · Minneapolis

Median reported rent1,284/mo

Renter-occupied43.4%

Median home value$373K

Vacancy rate7.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 120.03

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

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 width45 ft

Buildable depth95 ft

Area~4,295 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 4,295 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5916 PORTLAND AVE MINNEAPOLIS MN 55417	5916 BOGEN LLC	RESIDENTIAL-TWO UNIT	$432,400	55 ft
5926 PORTLAND AVE MINNEAPOLIS MN 55417	C MCDONALD & Y M GARZON	RESIDENTIAL-TWO UNIT	$481,800	55 ft
5930 PORTLAND AVE MINNEAPOLIS MN 55417	A G BOGEN COMPANY	COMMERCIAL-PREFERRED	$550,000	103 ft
5912 PORTLAND AVE MINNEAPOLIS MN 55417	GARY T & SUSAM M WILSON	RESIDENTIAL-TWO UNIT	$455,700	110 ft
5921 DIAMOND LAKE LA MINNEAPOLIS MN 55419	J PASKE & J PASKE-DRISCOLL	RESIDENTIAL	$583,200	149 ft
5925 DIAMOND LAKE LA MINNEAPOLIS MN 55419	W A & K L SULLIVAN	RESIDENTIAL	$555,300	155 ft
5917 DIAMOND LAKE LA MINNEAPOLIS MN 55419	MEGAN PAGEL & JORDAN PAGEL	RESIDENTIAL	$430,500	160 ft
5908 PORTLAND AVE MINNEAPOLIS MN 55417	JENNIFER K HAMRI	RESIDENTIAL	$677,800	165 ft
5929 DIAMOND LAKE LA MINNEAPOLIS MN 55419	C ROERIG & R THIBODEAU	RESIDENTIAL	$389,600	180 ft
5915 DIAMOND LAKE LA MINNEAPOLIS MN 55419	ANNE MOLINAR/ANTHONY MOLINAR	RESIDENTIAL	$461,900	186 ft

Property History

Most Recent Sale

Date201604

Price$230,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,328