3722 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924330066

Property Overview

Parcel ID0402924330066

Lot Size5,093 sq ft (0.117 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerE WEBBERSON & E D JONES

Assessed Value$194,700

Land Value$21,000

Building Value$173,700

Annual Tax$2,583

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

3 permits on record since 2023 · $8K total declared value · Most recent: Dec 2024 (existres)

ExistresDec 2024Inspection

Marsh Heating & Air Conditioning Co Inc

MiscOct 2024Closed

$8K

Best Choice Roofing Twin Cities

ResMar 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Folwell · Minneapolis

Median reported rent1,590/mo

Renter-occupied27.3%

Median home value$193K

Vacancy rate7.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1008

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 width30 ft

Buildable depth87 ft

Area~2,619 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 2,619 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
3718 NEWTON AVE N MINNEAPOLIS MN 55412	FLOYD E MADISON III	RESIDENTIAL	$157,300	40 ft
3726 NEWTON AVE N MINNEAPOLIS MN 55412	R RUSSELL & M I KINTZLER	RESIDENTIAL	$188,700	40 ft
3714 NEWTON AVE N MINNEAPOLIS MN 55412	DANIEL M MEIER	RESIDENTIAL	$187,300	80 ft
3730 NEWTON AVE N MINNEAPOLIS MN 55412	DOMINGA ZARATE RODRIGUEZ	RESIDENTIAL	$183,000	80 ft
3734 NEWTON AVE N MINNEAPOLIS MN 55412	MALAR STEVENSON	RESIDENTIAL	$132,700	120 ft
3710 NEWTON AVE N MINNEAPOLIS MN 55412	ANTHONY S CONTEH-MOGAN	RESIDENTIAL	$185,000	120 ft
3723 MORGAN AVE N MINNEAPOLIS MN 55412	TIMOTHY DUMAS	RESIDENTIAL	$215,000	141 ft
3727 MORGAN AVE N MINNEAPOLIS MN 55412	CYNTHIA LOUISE CARR	RESIDENTIAL	$241,600	146 ft
3719 MORGAN AVE N MINNEAPOLIS MN 55412	ROSANN M SHAFER	RESIDENTIAL	$200,200	148 ft
3738 NEWTON AVE N MINNEAPOLIS MN 55412	JOYCE J WILSON	RESIDENTIAL	$215,600	160 ft

Property History

Most Recent Sale

Date202411

Price$271,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,583