3609 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0402924330209

Property Overview

Parcel ID0402924330209

Lot Size6,252 sq ft (0.144 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerCYRUS MICHAEL HAIR

Assessed Value$248,000

Land Value$23,000

Building Value$225,000

Annual Tax$3,468

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

3 permits on record since 2018 · $8K total declared value · Most recent: Jun 2023 (res)

ResJun 2023Closed

CenterPoint Energy Resource Corp

MiscMay 2020Closed

$8K

RESIDENTIAL AND COMMERCIAL EXTERIORS INC

ResJan 2018Closed

Linn Star Transfer 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 width40 ft

Buildable depth85 ft

Area~3,401 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 3,401 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
3613 NEWTON AVE N MINNEAPOLIS MN 55412	NATHAN CREADICK	RESIDENTIAL	$128,000	45 ft
3601 NEWTON AVE N MINNEAPOLIS MN 55412	GIANFRANCO DI SCIULLO	RESIDENTIAL	$358,000	53 ft
3617 NEWTON AVE N MINNEAPOLIS MN 55412	KATHLEEN C HAAS	RESIDENTIAL	$239,300	85 ft
3621 NEWTON AVE N MINNEAPOLIS MN 55412	NICHOLAS S BUCHKOSKY	RESIDENTIAL	$224,900	125 ft
3604 OLIVER AVE N MINNEAPOLIS MN 55412	GLORIA BECENA	RESIDENTIAL	$222,900	142 ft
3606 OLIVER AVE N MINNEAPOLIS MN 55412	DORA RICARD	RESIDENTIAL	$144,900	146 ft
3600 OLIVER AVE N MINNEAPOLIS MN 55412	JONTAE J WASHINGTON	RESIDENTIAL	$232,000	151 ft
3559 NEWTON AVE N MINNEAPOLIS MN 55412	AMY L O'MALLEY	RESIDENTIAL	$200,800	159 ft
3625 NEWTON AVE N MINNEAPOLIS MN 55412	R S JOHNSON & N E FISCHER	RESIDENTIAL	$231,700	165 ft
3614 OLIVER AVE N MINNEAPOLIS MN 55412	RYAN CROSSLAND	RESIDENTIAL	$183,700	167 ft

Property History

Most Recent Sale

Date202009

Price$236,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,468