3542 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0902924220173

Property Overview

Parcel ID0902924220173

Lot Size5,131 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerSABA MWANZA

Assessed Value$223,800

Land Value$18,000

Building Value$205,800

Annual Tax$3,066

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 2010 · $50K total declared value · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

Building Re-inspectionJun 2010

$50K

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 width30 ft

Buildable depth88 ft

Area~2,647 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 2,647 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3538 NEWTON AVE N MINNEAPOLIS MN 55412	SERGIO FERNANDEZ RODRIGUEZ	RESIDENTIAL	$149,000	40 ft
3546 NEWTON AVE N MINNEAPOLIS MN 55412	S PETERSON/J J PETERSON ETAL	RESIDENTIAL	$157,500	40 ft
3534 NEWTON AVE N MINNEAPOLIS MN 55412	JENNIFER E DOYLE	RESIDENTIAL	$182,600	80 ft
3550 NEWTON AVE N MINNEAPOLIS MN 55412	ERIK CELMS & LAURIE CELMS	RESIDENTIAL	$172,700	80 ft
3530 NEWTON AVE N MINNEAPOLIS MN 55412	V L MCNEAL & L A JOLLY	RESIDENTIAL	$210,000	120 ft
3554 NEWTON AVE N MINNEAPOLIS MN 55412	S J SPEARS & K C SPEARS	RESIDENTIAL	$177,800	120 ft
3543 MORGAN AVE N MINNEAPOLIS MN 55412	K F FOUNTAIN & M L FOUNTAIN	RESIDENTIAL	$227,500	140 ft
3547 MORGAN AVE N MINNEAPOLIS MN 55412	J VILENDRER & C VILENDRER	RESIDENTIAL	$235,000	145 ft
3539 MORGAN AVE N MINNEAPOLIS MN 55412	D L MILLER & C A MILLER	RESIDENTIAL	$142,400	146 ft
3558 NEWTON AVE N MINNEAPOLIS MN 55412	W L SULLIVAN & L K SULLIVAN	RESIDENTIAL	$200,100	159 ft

Property History

Most Recent Sale

Date202011

Price$245,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,066