4945 NEWTON AVE S MINNEAPOLIS MN 55419

PID: 1602824230112

Property Overview

Parcel ID1602824230112

Lot Size5,149 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerT A TRACHTMAN/S E TRACHTMAN

Assessed Value$719,800

Land Value$324,000

Building Value$395,800

Annual Tax$11,869

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

12 permits on record since 2017 · $99K total declared value · Most recent: Feb 2024 (existres)

ExistresFeb 2024Closed

STAFFORD HOME SERVICE

ExistresDec 2023Closed

STAFFORD HOME SERVICE

ExistresAug 2022Closed

Centraire Heating & Air Conditioning LLC

ResAug 2022Closed

Hovde Plumbing and Heating Inc

RemodelJun 2022Closed

$65K

STYBA BUILDERS INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,625/mo

Renter-occupied17.4%

Median home value$721K

Vacancy rate0.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 106

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth89 ft

Area~2,661 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 small multifamily (2–4 units, wood frame) benchmarks for 2,661 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4949 NEWTON AVE S MINNEAPOLIS MN 55419	GERALD M CARUSO JR	RESIDENTIAL	$905,800	40 ft
4941 NEWTON AVE S MINNEAPOLIS MN 55419	BAILEY-MACK TRUST	RESIDENTIAL	$672,400	40 ft
4953 NEWTON AVE S MINNEAPOLIS MN 55419	A J HAMMER & D L HAMMER	RESIDENTIAL	$598,100	80 ft
4937 NEWTON AVE S MINNEAPOLIS MN 55419	SCOTT D RICH & TONYA L RICH	RESIDENTIAL	$699,100	80 ft
4957 NEWTON AVE S MINNEAPOLIS MN 55419	J B FRASER & C A FRASER	RESIDENTIAL	$559,500	120 ft
4933 NEWTON AVE S MINNEAPOLIS MN 55419	E E NILSSON & M J NILSSON	RESIDENTIAL	$785,500	120 ft
4944 MORGAN AVE S MINNEAPOLIS MN 55419	JILL A MARKS REVOCABLE TRUST	RESIDENTIAL	$722,700	142 ft
4940 MORGAN AVE S MINNEAPOLIS MN 55419	SARAH E TRESSEL TRUST	RESIDENTIAL	$830,500	148 ft
4948 MORGAN AVE S MINNEAPOLIS MN 55419	KATHRYN G BUCKLEY	RESIDENTIAL	$562,600	148 ft
4929 NEWTON AVE S MINNEAPOLIS MN 55419	T K & J L WILLS	RESIDENTIAL	$610,000	160 ft

Property History

Most Recent Sale

Date201703

Price$599,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,869