4941 NEWTON AVE S MINNEAPOLIS MN 55419

PID: 1602824230113

Property Overview

Parcel ID1602824230113

Lot Size5,152 sq ft (0.118 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerBAILEY-MACK TRUST

Assessed Value$672,400

Land Value$324,000

Building Value$348,400

Annual Tax$10,972

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $11K total declared value · Most recent: Mar 2025 (existres)

ExistresMar 2025Closed

STAFFORD HOME SERVICE

ResJan 2020Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

MiscOct 2019Closed

$11K

DAYCO GENERAL 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth89 ft

Area~2,663 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 2,663 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4945 NEWTON AVE S MINNEAPOLIS MN 55419	T A TRACHTMAN/S E TRACHTMAN	RESIDENTIAL	$719,800	40 ft
4937 NEWTON AVE S MINNEAPOLIS MN 55419	SCOTT D RICH & TONYA L RICH	RESIDENTIAL	$699,100	40 ft
4949 NEWTON AVE S MINNEAPOLIS MN 55419	GERALD M CARUSO JR	RESIDENTIAL	$905,800	80 ft
4933 NEWTON AVE S MINNEAPOLIS MN 55419	E E NILSSON & M J NILSSON	RESIDENTIAL	$785,500	80 ft
4929 NEWTON AVE S MINNEAPOLIS MN 55419	T K & J L WILLS	RESIDENTIAL	$610,000	120 ft
4953 NEWTON AVE S MINNEAPOLIS MN 55419	A J HAMMER & D L HAMMER	RESIDENTIAL	$598,100	120 ft
4940 MORGAN AVE S MINNEAPOLIS MN 55419	SARAH E TRESSEL TRUST	RESIDENTIAL	$830,500	143 ft
4936 MORGAN AVE S MINNEAPOLIS MN 55419	STARCEVICH FAMILY TRUST	RESIDENTIAL	$615,000	148 ft
4944 MORGAN AVE S MINNEAPOLIS MN 55419	JILL A MARKS REVOCABLE TRUST	RESIDENTIAL	$722,700	148 ft
4925 NEWTON AVE S MINNEAPOLIS MN 55419	S ROSENSTEIN-J J ROSENSTEIN	RESIDENTIAL	$899,200	160 ft

Property History

Most Recent Sale

Date198803

Price$117,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,972