Neighborhood
2320 Portland Ave, Minneapolis, MN 55404
4 beds · 2 baths · 2,192 sq ft · Lot: 4,356 sq ft · Single Family Home · Last Sold: $185K in 2016 · Built: 1910
Est. Value:
$291K
Est. Rent:
$2.3K/month

2320 Portland Ave Minneapolis, MN 55404

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4 beds · 2 baths · 2,192 sq ft · Lot Size: 4,356 sq ft · Single Family Home · Phillips West
Est. Property Value: $291,485

High Demand Long-Term RentalGood value per sqftOwned for 5 - 10 YearsOwner Age 35 - 45

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2320 Portland Ave is in the Phillips West neighborhood of Minneapolis, MN. It is located in Hennepin County and ZIP code 55404. This Single Family Home was built in 1910 and is approximately 115 years old. The single family home spans 2192 sq ft with 4 bedrooms and 2 bathrooms and sits on a 4356 sq ft lot. According to public records, it was last sold in 2016 for $185,000 and has a tax-assessed value of $250,000, which is $133 per sq ft. The Phillips West area of Minneapolis has 43 residential homes with an average size of 1810 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2320 Portland Ave Minneapolis, MN 55404 with Property Intel by Whitepages.

Investment Potential for 2320 Portland Ave

The property has a current estimated value of $291,485, which is 1% above the neighborhood median, based on public records. It last sold on March 31, 2016 for $185K. Projected long-term
is $27,600 annually ($2,300 per month) with a 92% occupancy rate.

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Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
92%in 55404 zip code
 
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Owners & Occupancy for 2320 Portland Ave

This property is owned by Simon Noah Brooks. Owner contact information includes 4 phone numbers and 3 email addresses.

Property Owners

OccupationProject Manager, Bluum
Cell Phone(641) ***-****View Cell Phone
Residence***************
Landline(310) 471-0417
Distance from Property**********
Email Address*******@hotmail.comView Email
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Property Ownership Information

Purchase DateMarch 31, 2016
Property Tax Amount$3,090 in 2024
Purchase Price$185,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************** age 37
Resident 2***************** age 35

Property Details for 2320 Portland Ave

Property Details

Property Sq Ft

Living Area

2,192 sq ft

21% above market

Lot Size

4,356 sq ft

17% below market

Price Per Sq Ft

Living Area

$133 / sq ft

21% below market

Lot Size Area

$67 / sq ft

17% above market

Property condition, age, exterior, etc. for 2320 Portl…
Longitude: -93.268096 Latitude: 44.959316 Parcel Number (APN): 34-029-24-11-0045…
Mortgage originated on through lender: Wintrust Mtg for$******View Mortgage Details
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Market Benchmarks

Compare data for 2320 Portland Ave in Hennepin County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$291,485
$398,398
-$106,913 (-27%)
$******
$486,022
-$176,432 (-36%)
YoY Price Change
****%
1.96%
1103%
Year Built
1910
1987
-77 years
Living Space
2,192 sq ft
2,316 sq ft
-124 (-5%)
$ Per Living Sq Ft
$133
$179
-$46 (-26%)
Lot Size
4,356 sq ft
14,246 sq ft
-9890 (-69%)
$ Per Lot Sq Ft
$67
$31
$36 (113%)

Net Operating Income
$*****
$19,897
-$1,206 (-6%)
Annual Revenue
$27,600
$31,200
-$3,600 (-12%)
$****
$11,153
-$2,244 (-20%)
Net Operating Income
$*****
$19,897
-$1,206 (-6%)
Cap Rate
****%
4.88%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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