3642 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924330198

Property Overview

Parcel ID0402924330198

Lot Size5,090 sq ft (0.117 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerNICHOLAS CAPITAL INC

Assessed Value$90,700

Land Value$21,000

Building Value$69,700

Annual Tax$1,937

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

2 permits on record since 2022 · $14K total declared value · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

MiscMay 2022Closed

$14K

Elite Restoration Pro LLC

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~2,617 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 2,617 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
3636 NEWTON AVE N MINNEAPOLIS MN 55412	JAHI HENDRIX DAVIS	RESIDENTIAL	$160,100	40 ft
3646 NEWTON AVE N MINNEAPOLIS MN 55412	EVEREST HOLDINGS LLC	LOW INCOME RENTAL	$97,300	40 ft
3634 NEWTON AVE N MINNEAPOLIS MN 55412	NICHOLAS DWAYNE BUELOW	RESIDENTIAL	$199,000	80 ft
3650 NEWTON AVE N MINNEAPOLIS MN 55412	KAYLA KOLBE	RESIDENTIAL	$222,100	83 ft
3630 NEWTON AVE N MINNEAPOLIS MN 55412	SUSAN M MILES	RESIDENTIAL	$202,500	120 ft
3652 NEWTON AVE N MINNEAPOLIS MN 55412	MARIE M BECKFORD	RESIDENTIAL	$248,500	128 ft
3641 MORGAN AVE N MINNEAPOLIS MN 55412	RICHARD D BERG ETAL	RESIDENTIAL	$228,600	141 ft
3645 MORGAN AVE N MINNEAPOLIS MN 55412	BETH A MATZKE	RESIDENTIAL	$226,900	146 ft
3637 MORGAN AVE N MINNEAPOLIS MN 55412	KIMBERLY A LARSON	RESIDENTIAL	$187,400	147 ft
3626 NEWTON AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	RESIDENTIAL	$283,300	160 ft

Property History

Most Recent Sale

Date202206

Price$66,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,937