3247 NEWTON AVE N MINNEAPOLIS MN 55412

PID: 0902924230030

Property Overview

Parcel ID0902924230030

Lot Size5,071 sq ft (0.116 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerCOMMUNITY HOUSING RESOURCES

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$0

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

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 ↗

Cultural District — Lowry Avenue NorthHigh

Within the Lowry Avenue North Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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 ↗

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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$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 depth87 ft

Area~2,603 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3251 NEWTON AVE N MINNEAPOLIS MN 55412	XIANGMING GUAN & PING HE	RESIDENTIAL	$198,900	40 ft
3243 NEWTON AVE N MINNEAPOLIS MN 55412	MINNESTPOPOLIS VIII LLC	RESIDENTIAL	$95,000	40 ft
3259 NEWTON AVE N MINNEAPOLIS MN 55412	C J CULBERTSON & K P KUHN	RESIDENTIAL	$220,800	80 ft
3239 NEWTON AVE N MINNEAPOLIS MN 55412	BRANDON BOWLBY	RESIDENTIAL	$259,800	80 ft
3235 NEWTON AVE N MINNEAPOLIS MN 55412	ROBERT SALINAS	RESIDENTIAL	$140,700	120 ft
3246 OLIVER AVE N MINNEAPOLIS MN 55412	CITY OF MINNEAPOLIS	RESIDENTIAL	$0	141 ft
3242 OLIVER AVE N MINNEAPOLIS MN 55412	ABIGAIL RIOS	RESIDENTIAL	$217,500	146 ft
3252 OLIVER AVE N MINNEAPOLIS MN 55412	ROSARIO GRANILLO HERNANDEZ	RESIDENTIAL	$135,300	147 ft
3231 NEWTON AVE N MINNEAPOLIS MN 55412	ADRIAN BARRETT AUGST	RESIDENTIAL	$188,900	160 ft
3238 OLIVER AVE N MINNEAPOLIS MN 55412	DEBRA SUE BOIKE	RESIDENTIAL	$124,000	161 ft

Property History

Current Tax Year

Year2026

Tax Due$0