5901 PORTLAND AVE MINNEAPOLIS MN 55417

PID: 2302824320170

Property Overview

Parcel ID2302824320170

Lot Size8,759 sq ft (0.201 ac)

Lot Dimensions (est.)118 ft wide × 74 ft deep

Year Built1942

Property ClassRESIDENTIAL

OwnerE & J OLSON

Assessed Value$429,400

Land Value$142,000

Building Value$287,400

Annual Tax$6,512

Environmental Constraints

FloodplainNo

WetlandsUnknown

Historic DistrictNo

Permit History

3 permits on record since 2017 · Most recent: Apr 2022 (res)

ResApr 2022Closed

Twin City Fireplace & Stone Company

ExistresNov 2017Closed

UPTOWN PLUMBING HEATING AND COOLING

ResApr 2017Closed

BONFES PLUMBING HEATING AND AIR 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width105 ft

Buildable depth34 ft

Area~4,828 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 4,828 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5909 PORTLAND AVE MINNEAPOLIS MN 55417	RAFAEL G URGILEZ TELLO	RESIDENTIAL	$550,600	75 ft
5897 PORTLAND AVE MINNEAPOLIS MN 55417	M & A SMITH	RESIDENTIAL	$423,600	128 ft
5900 OAKLAND AVE MINNEAPOLIS MN 55417	PAUL EDWARD JOHNSON	RESIDENTIAL	$770,000	131 ft
5913 PORTLAND AVE MINNEAPOLIS MN 55417	E K KEADY & M B KEADY	RESIDENTIAL	$369,900	137 ft
5906 OAKLAND AVE MINNEAPOLIS MN 55417	MICHAEL R BAUER	RESIDENTIAL	$533,800	154 ft
5878 OAKLAND AVE MINNEAPOLIS MN 55417	G CARLSON & P CARLSON	RESIDENTIAL	$518,300	184 ft
5893 PORTLAND AVE MINNEAPOLIS MN 55417	JANET WESTENBERG	RESIDENTIAL	$378,600	188 ft
5917 PORTLAND AVE MINNEAPOLIS MN 55417	J R STAMP & E L MEYER STAMP	RESIDENTIAL	$446,500	188 ft
5912 OAKLAND AVE MINNEAPOLIS MN 55417	M NETLAND & F JAFFER	RESIDENTIAL	$516,500	197 ft
520 DIAMOND LAKE LA MINNEAPOLIS MN 55419	D B MEIER & M D EVANS	RESIDENTIAL	$562,700	229 ft

Property History

Most Recent Sale

Date198912

Price$110,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,512