3645 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924330200

Property Overview

Parcel ID0402924330200

Lot Size4,994 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerSARAH FURNISS

Assessed Value$249,100

Land Value$21,000

Building Value$228,100

Annual Tax$3,486

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 2021 · $10K total declared value · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

MiscJul 2022Closed

$10K

Kingfisher Construction

ExistresAug 2021Closed

CENTERPOINT ENERGY

ResJun 2021Closed

Warners Stellian Co 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 depth85 ft

Area~2,545 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 2,545 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
3641 NEWTON AVE N MINNEAPOLIS MN 55412	COLT T ANDERSON	RESIDENTIAL	$115,800	40 ft
3649 NEWTON AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$329,000	43 ft
3637 NEWTON AVE N MINNEAPOLIS MN 55412	STEPHANIE KUBICK/KEVIN MYCUE	RESIDENTIAL	$241,000	80 ft
3653 NEWTON AVE N MINNEAPOLIS MN 55412	DAVID G YATES	RESIDENTIAL	$187,500	88 ft
3633 NEWTON AVE N MINNEAPOLIS MN 55412	N J FRYETT & M MILLS	RESIDENTIAL	$208,000	120 ft
3657 NEWTON AVE N MINNEAPOLIS MN 55412	CESAR MAHONEY	RESIDENTIAL	$228,100	134 ft
3634 OLIVER AVE N MINNEAPOLIS MN 55412	JOANNA COY & JACOB ZABASKE	RESIDENTIAL	$232,400	141 ft
3638 OLIVER AVE N MINNEAPOLIS MN 55412	FARTUN ALI DUALE	RESIDENTIAL	$196,100	150 ft
3630 OLIVER AVE N MINNEAPOLIS MN 55412	JACOBS LIVING TRUST	RESIDENTIAL	$238,000	151 ft
3629 NEWTON AVE N MINNEAPOLIS MN 55412	SHAUNTEL M HAMER	RESIDENTIAL	$252,000	160 ft

Property History

Most Recent Sale

Date202505

Price$326,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,486