3450 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0902924220058

Property Overview

Parcel ID0902924220058

Lot Size5,035 sq ft (0.116 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerCAG MINNESOTA FUND II LLC

Assessed Value$209,400

Land Value$18,000

Building Value$191,400

Annual Tax$3,283

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 · $4K total declared value · Most recent: Feb 2026 (existres)

ExistresFeb 2026Closed

Advanced Heating & Air Conditioning LLC

MiscSep 2022Closed

$4K

Elevate Exteriors & Remodeling 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 width29 ft

Buildable depth89 ft

Area~2,581 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 2,581 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
3446 NEWTON AVE N MINNEAPOLIS MN 55412	DONALD A HANSEN	RESIDENTIAL	$110,000	39 ft
3454 NEWTON AVE N MINNEAPOLIS MN 55412	MATTHEW GREMILLION	RESIDENTIAL	$90,000	39 ft
3442 NEWTON AVE N MINNEAPOLIS MN 55412	ANDY VANG	RESIDENTIAL	$179,300	79 ft
3458 NEWTON AVE N MINNEAPOLIS MN 55412	MINNESOTA HOUSING CORP	RESIDENTIAL	$101,000	82 ft
3438 NEWTON AVE N MINNEAPOLIS MN 55412	ROSE M G MENDOZA ET AL	RESIDENTIAL	$125,000	118 ft
3451 MORGAN AVE N MINNEAPOLIS MN 55412	THE KIRCHOFF GROUP LLC	RESIDENTIAL	$240,200	140 ft
3455 MORGAN AVE N MINNEAPOLIS MN 55412	COLETTE MEDAS-BENETTIE	RESIDENTIAL	$273,900	145 ft
3447 MORGAN AVE N MINNEAPOLIS MN 55412	MARGARET L LOFTUS	RESIDENTIAL	$228,900	146 ft
3434 NEWTON AVE N MINNEAPOLIS MN 55412	CHARQUINTA C GRIFFIN	RESIDENTIAL	$226,300	158 ft
3459 MORGAN AVE N MINNEAPOLIS MN 55412	HEIDI A HOCHSTETTER	RESIDENTIAL	$205,700	161 ft

Property History

Most Recent Sale

Date202409

Price$19,032,220

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,283