3626 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924330194

Property Overview

Parcel ID0402924330194

Lot Size5,089 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerCITY OF LAKES COMM LAND TRST

Assessed Value$283,300

Land Value$21,000

Building Value$262,300

Annual Tax$4,052

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

6 permits on record since 2017 · $43K total declared value · Most recent: Aug 2024 (remodel)

RemodelAug 2024Closed

$7K

ALL ENERGY SOLAR INC

ExistresJul 2022Closed

Blue Ox Heating and Air LLC

ExistresNov 2018Closed

STERN HEATING AND COOLING INC

RemodelMar 2018Closed

$25K

MERIDIAN PROPERTIES LLC

ResMar 2018Closed

DEN-MARK PLUMBING INC

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~2,616 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 2,616 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3622 NEWTON AVE N MINNEAPOLIS MN 55412	TINA L ROBERTS	RESIDENTIAL	$212,300	40 ft
3630 NEWTON AVE N MINNEAPOLIS MN 55412	SUSAN M MILES	RESIDENTIAL	$202,500	40 ft
3616 NEWTON AVE N MINNEAPOLIS MN 55412	XAI XIONG	RESIDENTIAL	$101,200	80 ft
3634 NEWTON AVE N MINNEAPOLIS MN 55412	NICHOLAS DWAYNE BUELOW	RESIDENTIAL	$199,000	80 ft
3636 NEWTON AVE N MINNEAPOLIS MN 55412	JAHI HENDRIX DAVIS	RESIDENTIAL	$160,100	120 ft
3612 NEWTON AVE N MINNEAPOLIS MN 55412	H C MCCLEAN & S R MARTINEZ	RESIDENTIAL	$252,000	125 ft
3625 MORGAN AVE N MINNEAPOLIS MN 55412	JULIE R ARNDT	RESIDENTIAL	$179,000	141 ft
3629 MORGAN AVE N MINNEAPOLIS MN 55412	CHUSENG VUE & XUA VANG	RESIDENTIAL	$156,600	145 ft
3621 MORGAN AVE N MINNEAPOLIS MN 55412	MARIE ELIZABETH MURPHY	RESIDENTIAL	$277,400	147 ft
3633 MORGAN AVE N MINNEAPOLIS MN 55412	KRISTEN M FOWLER	RESIDENTIAL	$79,000	160 ft

Property History

Most Recent Sale

Date202505

Price$159,625

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,052