4240 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924220025

Property Overview

Parcel ID0402924220025

Lot Size6,411 sq ft (0.147 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerJOHN M DEROY ETAL

Assessed Value$231,500

Land Value$38,000

Building Value$193,500

Annual Tax$3,194

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Webber - Camden · Minneapolis

Median reported rent1,665/mo

Renter-occupied24.5%

Median home value$219K

Vacancy rate5.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1004

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width40 ft

Buildable depth88 ft

Area~3,527 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 3,527 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4236 NEWTON AVE N MINNEAPOLIS MN 55412	ROBERT F STAFFORD	RESIDENTIAL	$232,600	50 ft
4244 NEWTON AVE N MINNEAPOLIS MN 55412	MERCY ADRIANA BARROS VELEZ	RESIDENTIAL	$225,000	50 ft
4232 NEWTON AVE N MINNEAPOLIS MN 55412	ANTONIA KIRK	RESIDENTIAL	$281,900	100 ft
4248 NEWTON AVE N MINNEAPOLIS MN 55412	YA CHANG & MA LEE	RESIDENTIAL	$223,200	100 ft
4241 MORGAN AVE N MINNEAPOLIS MN 55412	ABBY ROZA & ERIKA SASS	LOW INCOME RENTAL	$256,800	142 ft
4245 MORGAN AVE N MINNEAPOLIS MN 55412	AMANDA LE	RESIDENTIAL	$244,700	150 ft
4228 NEWTON AVE N MINNEAPOLIS MN 55412	T GRIFFIN & R ALSTON	RESIDENTIAL	$274,900	150 ft
4237 MORGAN AVE N MINNEAPOLIS MN 55412	ERIC HALL & EDITH RAMACHER	RESIDENTIAL	$314,000	151 ft
2017 43RD AVE N MINNEAPOLIS MN 55412	JOMARD TRAMAINE HENDERSON	RESIDENTIAL	$231,300	171 ft
4249 MORGAN AVE N MINNEAPOLIS MN 55412	NENG VANG	RESIDENTIAL	$227,000	172 ft

Property History

Current Tax Year

Year2026

Tax Due$3,194