5012 NEWTON AVE S MINNEAPOLIS MN 55419

PID: 1602824320033

Property Overview

Parcel ID1602824320033

Lot Size5,167 sq ft (0.119 ac)

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

Year Built1922

Property ClassRESIDENTIAL

Owner2014 VENTERS-SCHMIDTREV TR

Assessed Value$714,400

Land Value$296,000

Building Value$418,400

Annual Tax$11,767

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $300K total declared value · Most recent: May 2026 (existres)

ExistresMay 2026Inspection

ST PAUL PLUMBING AND HEATING CO INC

ExistresOct 2022Closed

Select Mechanical Services Inc

ResSep 2022Closed

ProMech LLC

AdditionJul 2022Closed

$300K

LOCALE DESIGN BUILD LLC

ResApr 2018Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Lynnhurst · Minneapolis

Median reported rent1,771/mo

Renter-occupied10.4%

Median home value$551K

Vacancy rate5.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1113

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~2,675 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 2,675 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
5008 NEWTON AVE S MINNEAPOLIS MN 55419	KIM VONDALL/JERRAMIE VONDALL	RESIDENTIAL	$518,100	40 ft
5016 NEWTON AVE S MINNEAPOLIS MN 55419	M W SHAFER & G H SHAFER	RESIDENTIAL	$526,600	47 ft
5004 NEWTON AVE S MINNEAPOLIS MN 55419	S A BARSUHN & R D BARSUHN	RESIDENTIAL	$653,200	80 ft
5024 NEWTON AVE S MINNEAPOLIS MN 55419	W D BLANCHFILL/K J SHEPPARD	RESIDENTIAL	$830,200	107 ft
5000 NEWTON AVE S MINNEAPOLIS MN 55419	LOUIS SWANSON/LAURA SWANSON	RESIDENTIAL-TWO UNIT	$595,900	120 ft
5015 OLIVER AVE S MINNEAPOLIS MN 55419	M M HART & A C HART	RESIDENTIAL	$828,000	141 ft
5017 OLIVER AVE S MINNEAPOLIS MN 55419	A W DIETERICH/M M DIETERICH	RESIDENTIAL	$651,600	146 ft
5009 OLIVER AVE S MINNEAPOLIS MN 55419	S K FORBES & J M OCKWIG	RESIDENTIAL	$505,200	147 ft
5021 OLIVER AVE S MINNEAPOLIS MN 55419	ALEXANDER MELTON ET AL	RESIDENTIAL	$615,000	162 ft
5005 OLIVER AVE S MINNEAPOLIS MN 55419	EMILY MILLER & PAUL BEGICH	RESIDENTIAL-TWO UNIT	$666,400	163 ft

Property History

Most Recent Sale

Date201511

Price$530,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,767