3739 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924330080

Property Overview

Parcel ID0402924330080

Lot Size5,093 sq ft (0.117 ac)

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

Year Built1941

Property ClassRESIDENTIAL

OwnerDUSTIN VARPNESS

Assessed Value$170,800

Land Value$21,000

Building Value$149,800

Annual Tax$4,724

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

4 permits on record since 2017 · $38K total declared value · Most recent: Jun 2025 (misc)

MiscJun 2025Final Inspection

$5K

Four Brothers Construction LLC

MiscAug 2024Closed

$8K

Hail Experts Inc

ResMar 2023Closed

CenterPoint Energy Resource Corp

MiscOct 2017Closed

$25K

J BENSON CONSTRUCTION CORPORATION

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
3743 NEWTON AVE N MINNEAPOLIS MN 55412	RRE VENTURES LLC	LOW INCOME RENTAL	$220,000	40 ft
3735 NEWTON AVE N MINNEAPOLIS MN 55412	EDMUND C HOWARD	RESIDENTIAL	$69,000	40 ft
3747 NEWTON AVE N MINNEAPOLIS MN 55412	KOUA CHA & CHUN LEE	RESIDENTIAL	$374,000	80 ft
3731 NEWTON AVE N MINNEAPOLIS MN 55412	MARK CREEGAN	RESIDENTIAL	$149,600	80 ft
3751 NEWTON AVE N MINNEAPOLIS MN 55412	MARIO LOMA & PETRA MORALES	RESIDENTIAL	$154,900	120 ft
3727 NEWTON AVE N MINNEAPOLIS MN 55412	GAVIN PUGH & CRISHA PUGH	RESIDENTIAL	$175,700	120 ft
3738 OLIVER AVE N MINNEAPOLIS MN 55412	B A D JIMENEZ & J D SANTOS	RESIDENTIAL	$180,900	141 ft
3734 OLIVER AVE N MINNEAPOLIS MN 55412	PETER GIRARD & JANICE GIRARD	RESIDENTIAL	$136,600	146 ft
3742 OLIVER AVE N MINNEAPOLIS MN 55412	WENDY L KELLY	RESIDENTIAL	$196,900	147 ft
3730 OLIVER AVE N MINNEAPOLIS MN 55412	JODI K F JONES	RESIDENTIAL	$199,000	161 ft

Property History

Most Recent Sale

Date202112

Price$151,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,724