3407 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0902924220074

Property Overview

Parcel ID0902924220074

Lot Size5,033 sq ft (0.116 ac)

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

Year Built1956

Property ClassRESIDENTIAL

OwnerSONJA KING

Assessed Value$182,300

Land Value$18,000

Building Value$164,300

Annual Tax$2,378

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

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$247K+2.1% YoY

Median price / sqft$181/sqft

Median days to close30 days

Active listings80

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~2,579 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 2,579 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
3411 NEWTON AVE N MINNEAPOLIS MN 55412	TREVOR L MUNICH	RESIDENTIAL	$206,400	39 ft
3401 NEWTON AVE N MINNEAPOLIS MN 55412	SCD PROPERTIES LLC	RESIDENTIAL	$180,000	39 ft
3415 NEWTON AVE N MINNEAPOLIS MN 55412	NASTAAJA JOHNSON	RESIDENTIAL	$198,900	79 ft
3419 NEWTON AVE N MINNEAPOLIS MN 55412	C L MILLER & T G WEGLARZ	RESIDENTIAL	$156,000	118 ft
3406 OLIVER AVE N MINNEAPOLIS MN 55412	SIARA MELIUS	RESIDENTIAL	$216,300	140 ft
3400 OLIVER AVE N MINNEAPOLIS MN 55412	OLGA B GONZALEZ	RESIDENTIAL	$184,000	145 ft
3410 OLIVER AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TR	—	$91,000	146 ft
2101 34TH AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	148 ft
3423 NEWTON AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	158 ft
3414 OLIVER AVE N MINNEAPOLIS MN 55412	JAMES P MENGER	RESIDENTIAL	$184,100	161 ft

Property History

Most Recent Sale

Date202509

Price$225,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,378