3459 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0902924220061

Property Overview

Parcel ID0902924220061

Lot Size5,789 sq ft (0.133 ac)

Lot Dimensions (est.)128 ft wide × 45 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerCHANTAK CHHEM

Assessed Value$177,000

Land Value$19,000

Building Value$158,000

Annual Tax$2,715

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth5 ft

Area~2,835 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 2,835 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3455 NEWTON AVE N MINNEAPOLIS MN 55412	PHILLIP J R HOKS ET AL	RESIDENTIAL	$96,000	42 ft
3451 NEWTON AVE N MINNEAPOLIS MN 55412	JEFFREY M LAFLEUR	RESIDENTIAL	$182,000	82 ft
3501 NEWTON AVE N MINNEAPOLIS MN 55412	N GORDON & H GORDON	RESIDENTIAL	$212,000	103 ft
3447 NEWTON AVE N MINNEAPOLIS MN 55412	JESUS R FERNANDEZ RODRIGUEZ	RESIDENTIAL	$193,200	121 ft
3458 OLIVER AVE N MINNEAPOLIS MN 55412	JOSETTE KARR	RESIDENTIAL	$170,400	140 ft
3507 NEWTON AVE N MINNEAPOLIS MN 55412	CAG MINNESOTA FUND I LLC	RESIDENTIAL	$180,500	143 ft
3454 OLIVER AVE N MINNEAPOLIS MN 55412	GARY WOLD	RESIDENTIAL-TWO UNIT	$274,200	145 ft
3443 NEWTON AVE N MINNEAPOLIS MN 55412	SPENCER BERGGREEN	RESIDENTIAL	$177,800	161 ft
3450 OLIVER AVE N MINNEAPOLIS MN 55412	NANCY H HART	RESIDENTIAL	$160,400	161 ft
3511 NEWTON AVE N MINNEAPOLIS MN 55412	Y BATTLES & A T DELEON SR	RESIDENTIAL	$210,000	183 ft

Property History

Most Recent Sale

Date200711

Price$65,625

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$2,715