6044 PORTLAND AVE MINNEAPOLIS MN 55417

PID: 2202824440020

Property Overview

Parcel ID2202824440020

Lot Size5,097 sq ft (0.117 ac)

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

Year Built1958

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL JOHNSON

Assessed Value$399,000

Land Value$93,000

Building Value$306,000

Annual Tax$9,002

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,622 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 2,622 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
6040 PORTLAND AVE MINNEAPOLIS MN 55417	ARADA REVOCABLE TRUST	RESIDENTIAL-TWO UNIT	$428,200	40 ft
6048 PORTLAND AVE MINNEAPOLIS MN 55417	BENJAMIN CRAIG	RESIDENTIAL	$323,500	40 ft
6052 PORTLAND AVE MINNEAPOLIS MN 55417	PATRICIA I GITS	RESIDENTIAL	$257,700	80 ft
6036 PORTLAND AVE MINNEAPOLIS MN 55417	D JACKSON & T M JACKSON	RESIDENTIAL	$274,800	80 ft
6056 PORTLAND AVE MINNEAPOLIS MN 55417	LACKENS REVOCABLE TRUST	RESIDENTIAL	$364,200	120 ft
6032 PORTLAND AVE MINNEAPOLIS MN 55417	MICHAEL B JOHNSON	RESIDENTIAL-TWO UNIT	$374,800	120 ft
6045 5TH AVE S MINNEAPOLIS MN 55419	H YOUNG & A GLASHEEN	RESIDENTIAL	$344,000	141 ft
6041 5TH AVE S MINNEAPOLIS MN 55419	KATHLEEN JUSTESEN	RESIDENTIAL	$308,500	146 ft
6049 5TH AVE S MINNEAPOLIS MN 55419	ANN E FANDREY	RESIDENTIAL	$305,900	147 ft
6053 5TH AVE S MINNEAPOLIS MN 55419	M T KILIAN & KATIE M KILIAN	RESIDENTIAL	$298,800	163 ft

Property History

Most Recent Sale

Date200909

Price$132,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,002