3612 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924330191

Property Overview

Parcel ID0402924330191

Lot Size6,360 sq ft (0.146 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerH C MCCLEAN & S R MARTINEZ

Assessed Value$252,000

Land Value$23,000

Building Value$229,000

Annual Tax$3,533

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

1 permit on record since 2023 · Most recent: Mar 2023 (res)

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 width40 ft

Buildable depth87 ft

Area~3,487 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 3,487 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3608 NEWTON AVE N MINNEAPOLIS MN 55412	PATRICK NGUYEN	RESIDENTIAL	$101,000	45 ft
3616 NEWTON AVE N MINNEAPOLIS MN 55412	XAI XIONG	RESIDENTIAL	$101,200	45 ft
3622 NEWTON AVE N MINNEAPOLIS MN 55412	TINA L ROBERTS	RESIDENTIAL	$212,300	85 ft
2014 36TH AVE N MINNEAPOLIS MN 55412	JUDITH A SHAW	RESIDENTIAL	$261,400	92 ft
3626 NEWTON AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	RESIDENTIAL	$283,300	125 ft
3615 MORGAN AVE N MINNEAPOLIS MN 55412	ALEATHEA MCWILLIAMS	RESIDENTIAL	$251,000	141 ft
3617 MORGAN AVE N MINNEAPOLIS MN 55412	PARADIGM CONSULT NETWORK LLC	RESIDENTIAL	$176,200	147 ft
3607 MORGAN AVE N MINNEAPOLIS MN 55412	PRADEEP KHAKURAL	RESIDENTIAL	$197,600	148 ft
3621 MORGAN AVE N MINNEAPOLIS MN 55412	MARIE ELIZABETH MURPHY	RESIDENTIAL	$277,400	163 ft
3630 NEWTON AVE N MINNEAPOLIS MN 55412	SUSAN M MILES	RESIDENTIAL	$202,500	165 ft

Property History

Most Recent Sale

Date202508

Price$207,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,533