4351 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924220118

Property Overview

Parcel ID0402924220118

Lot Size5,128 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerANGELA BENNETT THOMAS

Assessed Value$276,000

Land Value$47,000

Building Value$229,000

Annual Tax$6,108

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $19K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$19K

CENTRAL MINNESOTA RENOVATIONS LLC

ResNov 2022Closed

CENTERPOINT ENERGY

ResOct 2021Closed

Urban Pine Plumbing and Mechanical Inc

ResFeb 2020Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Victory · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

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

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 width30 ft

Buildable depth88 ft

Area~2,645 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 2,645 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4355 NEWTON AVE N MINNEAPOLIS MN 55412	YOLANDA SAXON	RESIDENTIAL	$244,300	40 ft
4347 NEWTON AVE N MINNEAPOLIS MN 55412	CAG MINNESOTA FUND II LLC	RESIDENTIAL	$273,000	40 ft
4343 NEWTON AVE N MINNEAPOLIS MN 55412	BARRY H JOHNSON	RESIDENTIAL	$203,000	80 ft
4339 NEWTON AVE N MINNEAPOLIS MN 55412	SHANQUAL T MCDONALD	RESIDENTIAL	$254,000	120 ft
2105 44TH AVE N MINNEAPOLIS MN 55412	SANDRA L ERICKSON	RESIDENTIAL	$213,600	133 ft
2109 44TH AVE N MINNEAPOLIS MN 55412	2109 44TH AVE N LAND TRUST	RESIDENTIAL	$249,500	137 ft
2101 44TH AVE N MINNEAPOLIS MN 55412	A M PAUCAR & C N PAREDES	RESIDENTIAL	$268,000	140 ft
4350 OLIVER AVE N MINNEAPOLIS MN 55412	A DESOUZA & A L D O SOUZA	RESIDENTIAL	$199,500	142 ft
4346 OLIVER AVE N MINNEAPOLIS MN 55412	ALLURE INVESTMENTS LLC	LOW INCOME RENTAL	$201,100	147 ft
4354 OLIVER AVE N MINNEAPOLIS MN 55412	JUAN SEBASTIAN TAPIA DIAZ	RESIDENTIAL	$272,000	148 ft

Property History

Most Recent Sale

Date201506

Price$147,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,108