5029 NEWTON AVE S MINNEAPOLIS MN 55419

PID: 1602824320077

Property Overview

Parcel ID1602824320077

Lot Size5,166 sq ft (0.119 ac)

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

Year Built1919

Property ClassRESIDENTIAL

OwnerE B S & P L MULLIN

Assessed Value$679,600

Land Value$296,000

Building Value$383,600

Annual Tax$11,108

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2003 · $124K total declared value · Most recent: Mar 2025 (existres)

ExistresMar 2025Closed

Standard Heating and Air Conditioning Inc

ResApr 2018Closed

CenterPoint Energy Resource Corp

ResAug 2017Closed

WOODLAND STOVES & FIREPLACES

ResMar 2017Closed

Warners Stellian Co Inc

Building Re-inspectionDec 2003

$124K

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

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~2,674 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 2,674 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
5033 NEWTON AVE S MINNEAPOLIS MN 55419	K G & T K PFISTER	RESIDENTIAL	$593,300	40 ft
5025 NEWTON AVE S MINNEAPOLIS MN 55419	CLARE ELLEN PADGETT	RESIDENTIAL	$709,900	40 ft
5037 NEWTON AVE S MINNEAPOLIS MN 55419	A BELLUS/M HOFF/R HOFF ETAL	RESIDENTIAL-TWO UNIT	$585,600	80 ft
5021 NEWTON AVE S MINNEAPOLIS MN 55419	K SANTORI & W S SANTORI	RESIDENTIAL	$588,200	80 ft
5017 NEWTON AVE S MINNEAPOLIS MN 55419	JUDITH A MEYER	RESIDENTIAL	$642,300	120 ft
5026 MORGAN AVE S MINNEAPOLIS MN 55419	CRAIG A MACLEOD TRUST	RESIDENTIAL	$931,900	142 ft
5032 MORGAN AVE S MINNEAPOLIS MN 55419	B K RUNDY TRUST	RESIDENTIAL	$730,100	147 ft
5041 NEWTON AVE S MINNEAPOLIS MN 55419	G C & L G GIANOULIS TRUST	RESIDENTIAL-TWO UNIT	$858,300	160 ft
5020 MORGAN AVE S MINNEAPOLIS MN 55419	G T COLLINS & E A COLLINS	RESIDENTIAL	$643,900	162 ft
5036 MORGAN AVE S MINNEAPOLIS MN 55419	LESLIE ANN LYTLE	RESIDENTIAL	$674,300	163 ft

Property History

Most Recent Sale

Date199906

Price$157,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,108