3426 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0902924220052

Property Overview

Parcel ID0902924220052

Lot Size5,034 sq ft (0.116 ac)

Lot Dimensions (est.)128 ft wide × 39 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerCORRIDOR PROPERTIES LLC

Assessed Value$166,000

Land Value$18,000

Building Value$148,000

Annual Tax$5,276

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

5 permits on record since 2017 · $55K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Final Inspection

City Master Co

ExistresOct 2024Final Inspection

PB Services LLC

RemodelMay 2024Final Inspection

$0.01

ARBUCKLE DESIGN BUILDERS LLC

RemodelAug 2022Closed

$55K

P E REIN CONSTRUCTION LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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 width29 ft

Buildable depth89 ft

Area~2,580 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 2,580 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
3422 NEWTON AVE N MINNEAPOLIS MN 55412	SARAH EILER	RESIDENTIAL	$169,000	39 ft
3430 NEWTON AVE N MINNEAPOLIS MN 55412	KEVIN BIDWELL	RESIDENTIAL	$190,900	39 ft
3434 NEWTON AVE N MINNEAPOLIS MN 55412	CHARQUINTA C GRIFFIN	RESIDENTIAL	$226,300	78 ft
3418 NEWTON AVE N MINNEAPOLIS MN 55412	TOU YANG	RESIDENTIAL	$198,000	79 ft
3414 NEWTON AVE N MINNEAPOLIS MN 55412	IESHA R MARSHALL	RESIDENTIAL	$187,500	118 ft
3438 NEWTON AVE N MINNEAPOLIS MN 55412	ROSE M G MENDOZA ET AL	RESIDENTIAL	$125,000	118 ft
3427 MORGAN AVE N MINNEAPOLIS MN 55412	IBIZA LLC	VACANT LAND-RESIDENTIAL	$0	140 ft
3431 MORGAN AVE N MINNEAPOLIS MN 55412	D C THAYER COMPANIES INC	RESIDENTIAL	$193,800	145 ft
3423 MORGAN AVE N MINNEAPOLIS MN 55412	TYLER BURKHOLDER	RESIDENTIAL	$191,300	146 ft
3442 NEWTON AVE N MINNEAPOLIS MN 55412	ANDY VANG	RESIDENTIAL	$179,300	157 ft

Property History

Most Recent Sale

Date201612

Price$36,299

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,276